Gold prices surge as Antam rates hit Rp2,565,000 per gram

Gold prices in Indonesia have shown significant upward movement, led by PT Aneka Tambang Tbk (Antam). As of November 6, 2026, Antam gold prices rose by Rp8,000 per gram to reach Rp2,565,000. This increase follows a multi-day positive trend, with the buyback price also climbing by Rp13,000 to Rp2,370,000 per gram.

In contrast to the Antam surge, other gold products at Pegadaian, such as Galeri24 and UBS, experienced price declines. Galeri24 was priced at Rp2,507,000 per gram, while UBS stood at Rp2,540,000 per gram.

On the global stage, gold spot prices have seen volatility, recently reaching levels above US$4,000 per troy ounce. This global surge was largely driven by the US midterm election results, which saw a Democratic victory in Congress, leading to a weaker US dollar and lower Treasury yields, thereby increasing the attractiveness of gold as an asset.