Antam Gold Price Falls Rp30,000 to Rp2.64 Million

Antam’s buyback price also dropped Rp30,000 to Rp2.493 million per gram, widening the spread investors face if they want to sell back into the market. That gap, combined with Indonesia’s 0.9% purchase tax or 0.45% for buyers using a tax ID number, makes quick round-trips less attractive and reinforces gold’s role as a longer-term hedge rather than a short-term trade.

The decline comes as international bullion softens after a solid U.S. jobs report revived expectations that the economy is holding up better than feared, reducing demand for defensive assets. Gold futures have also retreated from earlier 2026 highs, with recent technical readings showing prices still above the 50-day moving average but below the 200-day average, underscoring a market that remains volatile rather than decisively broken.

For investors, the key question is whether the latest dip is another pause in a broader uptrend or the start of a deeper correction. Near-term direction will likely track the dollar, U.S. Treasury yields and the next run of U.S. inflation and labor data, while local buyers will watch whether Antam’s price holds near the month-low zone of Rp2.624 million.