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8 clusters · 36 sources · 65 days · First seen 3 months ago · Last updated 22 days ago

Indonesia launches gold ETF and advances bullion sector

Overview

In early July 2026, the new Bursa Efek Indonesia (BEI) board set an aggressive plan to lift the exchange into the world’s top-10 by 2030. A central element of this strategy is a gold-backed Exchange-Traded Fund (ETF). Prior to the launch, the Financial Services Authority (OJK) indicated openness to revising the BEI’s 2026 IPO targets, while several investment managers applied for ETF issuance. On 10 August 2026, coinciding with the 49th anniversary of Indonesia’s capital market, the BEI officially launched Sharia-compliant gold ETFs. Participating investment managers include PT Trimegah Asset Management, PT BRI Manajemen Investasi, PT Mandiri Manajemen Investasi, PT Syailendra Capital, and PT Indo Premier Investment Management. Pegadaian serves as the sole underlying provider through Electronic Gold Receipts (EGR), ensuring each unit is backed by physical gold. OJK Chairperson Friderica Widyasari Dewi stated the products are designed to deepen the capital market and expand the bullion market. To further bolster the sector, the Indonesia Bullion Market Association (IBMA) was launched on 20 August 2026 to act as a catalyst for a more transparent gold market. Led by Chairperson Selfie Dewiyanti, the IBMA aims to integrate the national gold ecosystem. Coordinating Minister for Economic Affairs Airlangga Hartarto noted that national gold reserves managed by Pegadaian have reached approximately 153 tons, with BSI holding 24 tons. Hartarto emphasized the need to integrate informal holdings, noting that approximately 1,800 tons of gold, valued at roughly US$252 billion, is held by the public outside official banking channels. To support the ecosystem, the government is preparing tax incentives for the ETF and plans to launch the Indonesia Commodity Exchange (Icomex) on 1 January 2027. By early September 2026, OJK recommended Gold ETFs as a potential hedging tool for pension funds, such as BPJS Ketenagakerjaan, Asabri, and TASPEN, to mitigate stock market fluctuations.

Entities

Bursa Efek Indonesia · Otoritas Jasa Keuangan · Pegadaian · Airlangga Hartarto · Selfie Dewiyanti

Claims

What the coverage asserts, and how many sources carry each claim.

[● 4 SOURCES] Antam gold price increased by 40,000 rupiah per gram to 2,690,000 rupiah on 8 August 2026.
[● 4 SOURCES] The previous Antam gold price was 2,650,000 rupiah per gram.
[● 4 SOURCES] Buy‑back price for Antam gold rose to 2,511,000 rupiah per gram.
[● 3 SOURCES] Buy‑back transactions above 10 million rupiah are subject to a 1.5 % PPh 22 tax.
[● 3 SOURCES] Purchases of Antam gold are subject to a 0.25 % PPh tax on the base price.
[○ 1 SOURCE] Antam gold reached a record high of 3,168,000 rupiah per gram on 29 January 2026.
[○ 1 SOURCE] Prices for Galeri 24 and UBS gold fell on 8 August 2026.
[○ 1 SOURCE] Spot gold rose 2.3 % to US$4,336.11 per ounce on 8 August 2026.

Timeline

22 days ago

[BUSINESS] 2 sources
OJK recommends Gold ETFs as hedging tool for pension funds
Indonesia's OJK recommends Gold ETFs as a hedge against stock volatility for pension funds, prompting institutions like DPLK Avrist to evaluate the instrument's long-term viability.
about 1 month ago

[BUSINESS] 4 sources
Indonesia Bullion Market Association established to strengthen gold ecosystem
The Indonesia Bullion Market Association (IBMA) has been launched to strengthen the national gold ecosystem, with Pegadaian Director Selfie Dewiyanti appointed as Chairperson.
about 1 month ago

[BUSINESS] 17 sources
Indonesia Bullion Market Association launched to integrate gold assets
Indonesia has launched the Indonesia Bullion Market Association (IBMA) to formalize its gold market and integrate an estimated 1,800 tons of privately held gold into the national financial system.
about 2 months ago

[BUSINESS] 15 sources
Indonesia launches Gold ETF to strengthen bullion market
Indonesia has launched a Sharia-compliant Gold ETF on the IDX, with Pegadaian as the underlying provider, to boost the national bullion market and compete regionally.
about 2 months ago

[BUSINESS] 22 sources
Indonesia Stock Exchange sees launch of Sharia gold ETFs
Five investment managers launched Sharia gold ETFs on the Indonesia Stock Exchange, while domestic Antam gold prices fluctuate amid global economic uncertainty and upcoming US inflation data.
about 2 months ago

[BUSINESS] 2 sources
Indonesia Stock Exchange to revise 2026 IPO target and introduce gold ETF
OJK may allow BEI to revise its 2026 IPO target, and BEI plans to launch a gold ETF on 10 August 2026, coinciding with the market’s 49th anniversary.
2 months ago

[BUSINESS] 9 sources
Indonesia Stock Exchange set to launch Gold ETF on Aug 10, 2026 capital‑market anniversary
Indonesia's IDX will debut a Gold ETF on 10 Aug 2026, coinciding with the market’s 49th anniversary, after MUI approval and with seven managers ready to list the product.
3 months ago

[BUSINESS] 2 sources
Bursa Efek Indonesia aims for top‑10 global ranking and prepares gold ETF launch
BEI targets a top‑10 global exchange rank by 2030 with a 30 000 trillion IDR market cap, while rolling out a gold‑backed, Sharia‑compliant ETF to broaden investor access.

Sources

antaranews.com · beautynury.com · beritajatim.com · bisnis.liputan6.com · camposdepaz.com.co · clovermedia.jp · cnbcindonesia.com · dutatv.com · economy.okezone.com · ekbis.harianjogja.com · ekbis.sindonews.com · en.antaranews.com · era.id · fokus.news.viva.co.id · inews.id · insight.kontan.co.id · jpnn.com · katadata.co.id · keuangan.kontan.co.id · m.jpnn.com · matabangsa.com · matapantura.republika.co.id · mediaindonesia.com · minews.id · novagradiska.hr · okezone.com · pendidikan.harianjogja.com · politik.news.viva.co.id · rmol.id · ruzka.republika.co.id · techno.bigmir.net · us.en.news.viva.co.id · us.nasional.news.viva.co.id · utusan.com.my · viva.co.id · zakanyszek.hu

This summary has been updated 7 times: see revision history