Executive Summary

Key insights and market outlook

The price of Antam gold bars rose by Rp27,000 to Rp2,515,000 per gram on January 5, 2026, driven by global market trends and geopolitical tensions ¹

²³. The buyback price also increased by Rp25,000 to Rp2,371,000 per gram ². Analysts attribute the surge to heightened global uncertainty, particularly the conflict between the US and Venezuela ⁴.

Full Analysis

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Deep Dive Analysis

Antam Gold Price Surges Amid Global Uncertainty

Significant Price Increase on January 5, 2026

The price of Antam gold bars experienced a significant increase on January 5, 2026, rising by Rp27,000 to Rp2,515,000 per gram ¹

²³. This surge was accompanied by a Rp25,000 increase in the buyback price to Rp2,371,000 per gram ². The price movement reflects both local market conditions and broader global trends.

Global Factors Driving Gold Prices

The recent escalation of geopolitical tensions, particularly the conflict between the US and Venezuela, has contributed to the upward pressure on gold prices ⁴

. Analysts note that such geopolitical uncertainty typically boosts safe-haven assets like gold. The global spot gold price rose 2.33% to US$4,432 per troy ounce, further supporting the upward movement in Antam's gold prices ⁴.

Detailed Price Breakdown

On January 5, 2026, Antam's gold prices ranged from Rp1,307,500 for 0.5 grams to Rp2,455,600,000 for 1,000 grams ³

. The price increase was consistent across all weight categories, reflecting the overall market trend. The buyback price increase also demonstrates the strengthening of gold's value in the market.

Market Implications

The surge in gold prices has implications for both investors and consumers. For investors, gold remains an attractive asset during times of uncertainty. For consumers, the higher prices may affect demand, particularly for smaller denomination gold purchases.

References