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Antam strengthens domestic gold supply with 9-ton purchase from Freeport
PT Aneka Tambang Tbk (Antam) has strengthened its domestic gold supply chain by purchasing 9 tons of gold from PT Freeport Indonesia between January and August 2026. The gold was processed at the Precious Metals Refinery in Gresik, East Java, achieving a purity of 99.99%. Antam CEO Untung Budiharto stated this synergy aims to increase the domestic value of Indonesia's mineral resources. Antam also collaborates with other national producers, including PT Amman Mineral Nusa Tenggara and Merdeka Group, to ensure raw material stability.
In the retail market, gold prices in Indonesia showed significant fluctuations during late September 2026. Antam gold prices saw a sharp increase of Rp23,000 per gram, reaching Rp2,613,000 per gram on September 26. Buyback prices also rose to Rp2,438,000 per gram. Prices at Pegadaian for various brands, including Antam, UBS, and Galeri 24, fluctuated across different weights, with some brands showing stability while others experienced upward trends.
Entities
Antam · Galeri24 · Indonesia · MIND ID · Ministry of Energy and Mineral Resources · PT Aneka Tambang Tbk · PT Freeport Indonesia · Pegadaian · UBS
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Antam 24-karat gold prices decreased by Rp 15,000 to Rp 2,590,000 per gram on September 25, 2026.
- [○ 1 SOURCE] Antam gold buyback prices fell by Rp 20,000 to Rp 2,415,000.
- [○ 1 SOURCE] Pegadaian listed gold prices for Galeri24 at Rp 2,545,000, Antam at Rp 2,629,000, and UBS at Rp 2,575,000 per gram.
- [○ 1 SOURCE] The price for 1 gram of gold including a 0.25 percent income tax (PPh) is Rp 2,596,475.