Antam Gold Jumps to Record Rp 3.168 Million per Gram as Global Bullion Rally Accelerates
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- Antam gold jumped Rp 165,000 to a new record of Rp 3,168,000 per gram on Thursday, with the buyback price also rising sharply to Rp 2,989,000.
- Global spot gold rallied to new highs, topping US$5,500 per ounce, as investors sought safety amid geopolitical risks and economic uncertainty.
- Markets are weighing the Fed’s steady rate stance and leadership outlook, while analysts say broader instability continues to support bullion prices.
Gold prices in Indonesia surged to fresh record highs on Thursday, mirroring a strong rally in global bullion markets as investors sought safe-haven assets amid geopolitical tensions and rising economic uncertainty worldwide.
Antam’s gold bar price jumped Rp 165,000 on Thursday to Rp 3,168,000 (US$188.67) per gram, setting a new all-time high. Data from Logam Mulia showed the rally had begun gathering pace a day earlier: prices rose Rp 52,000 to Rp 2,968,000 per gram on Wednesday morning, before extending gains by another Rp 35,000 to Rp 3,003,000 per gram in the afternoon — the previous record peak.
Since the start of 2026, Antam gold prices have climbed more than 20%, up sharply from Rp 2,488,000 per gram recorded on Jan. 1.
The buyback price also surged, rising Rp 135,000 on Thursday to Rp 2,989,000 per gram.
Antam Gold Price (Thursday, Jan. 29):
0.5 gram: Rp 1,634,000
1 gram: Rp 3,168,000
2 gram: Rp 6,286,000
3 gram: Rp 9,411,000
5 gram: Rp 15,655,000
10 gram: Rp 31,230,000
25 gram: Rp 77,910,000
50 gram: Rp 155,655,000
100 gram: Rp 311,160,000
250 gram: Rp 777,590,000
500 gram: Rp 1,554,900,000
Globally, gold extended its rally and posted another all-time high on Thursday morning, moving closer to the US$5,600-per-troy-ounce level as demand for defensive assets remained firm.
According to goldprice.org, spot gold stood at US$5,535.11 per ounce as of Jan. 28, 2026 at 10:27 p.m. New York time, up US$450.15, or 8.85%. Over the past week, prices have climbed more than 10%, after breaking above the psychological US$5,000-per-ounce threshold for the first time earlier this week.
Kitco reported that analysts have linked gold’s and silver’s exceptional start to the year partly to growing uncertainty over the political independence of the United States Federal Reserve. Federal Reserve Chair Jerome Powell has dismissed such concerns, saying inflation expectations remain well anchored and that the central bank’s credibility is intact.
Powell made the remarks after the Fed left the federal funds rate unchanged at 3.50% to 3.75% following its first monetary policy meeting of the year, a decision in line with economists’ expectations. Based on the CME FedWatch Tool, markets do not expect the next rate cut until June.
Despite the Fed’s steady stance, Kitco noted that gold held near session highs after Powell’s comments. Spot gold was last trading at US$5,387.70 an ounce, up nearly 4% on the day.
While stable interest rates can act as a headwind for bullion, analysts quoted by Kitco said broader geopolitical uncertainty continues to provide strong support. Gold has gained 24.5% so far this month, driven largely by global instability.
Nitesh Shah, head of commodities and macroeconomic research at WisdomTree, said that while Powell appears comfortable keeping rates unchanged in the coming months, markets are already looking beyond May, when he is expected to step down. Shah added that investors anticipate Powell’s successor may be more inclined to support interest-rate cuts, a scenario that continues to underpin gold’s appeal.
Indonesianpost.com | JG
