Gold prices in Indonesia fluctuate amid rising demand

Gold prices in Indonesia have shown significant fluctuations throughout mid-October 2026. Antam gold prices experienced various movements, including a slight increase to Rp2,594,000 per gram on October 12, followed by a decrease to Rp2,574,000 per gram on October 13. Buyback prices for Antam gold also fluctuated, reaching levels around Rp2,408,000 per gram during the period.

Other providers such as Pegadaian's Galeri 24 and UBS also reported price changes. Galeri 24 saw prices for 1-gram gold reach approximately Rp2,516,000 on October 10. The market remains sensitive to global trends and domestic economic conditions.

In response to rising public interest—with Indonesian physical gold demand reportedly increasing by 40% year-on-year to 15 tons—Bank Mandiri has launched integrated bullion services within its Livin’ by Mandiri app. This follows the bank obtaining a bullion license from the OJK, allowing customers to manage gold savings, buy, sell, and withdraw physical gold 24/7.