Gold prices rise as Antam reaches Rp2,638,000 per gram

Gold prices in Indonesia and globally have shown significant upward movement throughout mid-September 2026. Antam gold prices reached approximately Rp2,638,000 per gram by September 19-20, following a weekly increase of Rp36,000 per gram. Buyback prices for Antam also rose to around Rp2,473,000 per gram.

Other major brands including UBS and Galeri 24 also experienced price hikes. At Pegadaian, UBS gold rose to Rp2,610,000 per gram, while Galeri 24 reached Rp2,584,000 per gram.

On the international market, gold spot prices have fluctuated, recently trading around the US$4,377 per troy ounce level. Analysts note that while the Federal Reserve's hawkish stance and US Treasury yields previously pressured prices, a weakening US dollar and declining oil prices have helped gold rebound. Experts predict continued volatility, with global gold prices expected to fluctuate between US$4,250 and US$4,533 per troy ounce, while domestic precious metal prices are projected to range between Rp2.62 million and Rp2.82 million per gram.