Gold prices in Indonesia rise following recent volatility

Gold prices in Indonesia showed recovery trends on Friday, October 16, 2026, following a sharp decline earlier in the week. Antam 24-karat gold prices rose by Rp 4,000 to reach Rp 2,565,000 per gram. The buyback price for Antam gold also increased by Rp 5,000, settling at Rp 2,375,000 per gram.

Other major brands also saw price adjustments. UBS and Galeri 24 gold products at Pegadaian recorded increases of Rp 8,000 per gram, with UBS priced at Rp 2,541,000 and Galeri 24 at Rp 2,517,000. These movements follow a period of volatility where prices had previously dipped, including a significant drop for Antam on October 15.

Market participants are advised to note that prices vary by brand, weight, and sales channel. For instance, Antam gold sold through Pegadaian may differ from prices at official Logam Mulia boutiques. Additionally, buyback transactions exceeding Rp 10,000,000 are subject to a 1.5 percent Income Tax (PPh) Article 22, while gold purchases are subject to a 0.25 percent tax on the base price.