Jakarta – The price of Antam gold today showed a slight increase compared to the previous day. According to CNBC Indonesia, the precious metal was traded at Rp 1,250,000 per gram, up by 0.4% from Friday's closing price. Analysts attribute this rise to weakening global bond yields and a dip in the US dollar index.
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| Antam Gold Bars, Image Source: DetikFinance |
Market observers from Kompas noted that gold remains a safe-haven asset amid ongoing economic uncertainties. The Federal Reserve's hint at delaying interest rate cuts has kept investors cautious, driving demand for gold as a hedge against inflation and currency fluctuations.
PT Aneka Tambang Tbk (Antam) reported stable domestic demand, particularly from retail buyers and long-term investors. A spokesperson stated that gold sales in April 2025 surpassed projections, reflecting sustained consumer confidence in the commodity’s value retention.
Globally, spot gold prices hovered around $2,320 per ounce, influenced by geopolitical tensions in the Middle East and mixed economic data from China. Experts from Bloomberg suggest that if the Fed maintains higher rates longer, gold may face short-term pressure but will likely rebound on safe-haven demand.
For today’s transaction, Antam set a buyback price of Rp 1,230,000 per gram, ensuring liquidity for sellers. Investors are advised to monitor Bank Indonesia’s rupiah exchange rate and US Treasury yields, as these factors directly impact local gold prices.
(Sources: CNBC Indonesia, Kompas, Bloomberg)