Antam Gold Prices Reach Historic High, Investors Reap Substantial Gains

Record-Breaking Price Surge

Antam gold prices have reached an unprecedented level, hitting Rp 2,502,000 per gram on December 22, 2025 ¹

. This surge represents a significant increase from the beginning of the year when the price was Rp 1,515,000 per gram on January 1, 2025 ¹

Source 1

https://finance.detik.com/berita-ekonomi-bisnis/d-8272138/emas-antam-meledak-beli-di-awal-2025-sekarang-cuan-rp-8-jutaan

. The buyback price has also risen to Rp 2,361,000 per gram, reflecting the strong upward trend in gold prices.

Factors Driving the Price Increase

The surge in Antam gold prices is attributed to a combination of global and domestic factors ²

. Globally, the price of gold has reached its highest level, driven by economic uncertainty and geopolitical risks. Additionally, expectations of a potential cut in US interest rates have put downward pressure on bond yields, making gold more attractive as an investment asset.

Investment Implications

For investors, the price movement has been particularly noteworthy. Those who invested in gold at the beginning of 2025 have seen substantial gains. For instance, an investment of Rp 15.15 million in 10 grams of gold at the start of the year would now be worth approximately Rp 25.02 million, representing a gain of Rp 9.87 million or about 65% ¹

.

Tax Considerations

It's worth noting that according to Minister of Finance Regulation No. 81 of 2024, transactions involving the sale of gold worth over Rp 10 million are subject to a 1.5% income tax (PPh 22) ¹

. This regulation applies to Antam's buyback transactions above the specified threshold.

Market Outlook

The current trend in gold prices suggests that the metal will remain an attractive investment option amid ongoing global economic uncertainties. Analysts from Dupoin Futures Indonesia highlight that the combination of global and domestic factors will continue to support the price of gold in the near term ²

.