PT Aneka Tambang Tbk (Antam) raised its daily gold price on Monday, setting the base rate for 1-gram bars at Rp2.610 million per gram.
The state-owned miner also increased its buyback price by Rp11,000 to Rp2.379 million per gram, reflecting sustained local demand for physical gold.
616 million per gram on Thursday, marking a continuation of the upward momentum in the domestic market.
The modest increase follows a series of upward adjustments in recent sessions.
Antam had previously lifted its base rate to Rp2.616 million per gram on Thursday, marking a continuation of the upward momentum in the domestic market.
This trend reverses a prior period of downward pressure, where the company had cut rates in previous trading sessions.
The price movement underscores the resilience of the Indonesian gold market, which often trades at a premium to international benchmarks due to strong retail investment and cultural demand.