Gold Price Analysis: 2025 Year-End and 2026 Outlook

Global and Domestic Gold Prices

The global gold price has reached significant levels, touching US$ 4,479.42 per troy ounce as of December 24, 2025 ²

. This represents a more than 40% increase since the beginning of the year. In Indonesia, the price of Antam gold has followed this trend, priced at Rp 2,576,000 per gram on December 25, 2025, showing a decrease of Rp 14,000 from the previous day's Rp 2,590,000 per gram ¹

Source 1

https://finance.detik.com/berita-ekonomi-bisnis/d-8277546/sudah-tembus-rp-2-5-juta-gram-harga-emas-diramal-tambah-mahal

.

Analyst Predictions for 2026

Lukman Leong from Doo Financial Futures suggests that gold prices will likely remain between US$ 4,400 and US$ 4,500 per troy ounce until year-end. The prediction is based on the typical low trading activity during the holiday season and absence of major economic announcements. Despite potential volatility due to low transaction volumes, the overall outlook remains positive for gold ¹

.

Factors Supporting Gold Price Growth

Several factors are supporting the potential rise in gold prices:1. Global Geopolitical Tensions: Continuing global uncertainties are maintaining investor interest in safe-haven assets like gold.2. Limited Supply: Constraints in gold supply are supporting higher prices.3. Economic Data Impact: While year-end trading is typically thin, significant economic data releases could cause price movements.

Market Dynamics and Trading Activity

The year-end period typically sees reduced trading activity as market participants take holiday breaks. This reduced liquidity can lead to increased price volatility. However, fundamental factors such as global uncertainties and supply constraints are expected to maintain gold's appeal as a safe-haven asset ¹

.