Gold Price Analysis: Potential Surge to Rp 2.6 Million

Current Market Situation

As of Saturday, December 20, 2025, the price of Antam certified gold bullion from PT Aneka Tambang Tbk (ANTM) has increased to Rp 2.491 million per gram, marking a rise of Rp 8,000 compared to the previous trading day. This change reflects the dynamic nature of the precious metals market, influenced by both local and global factors.

Global Price Movements

Global gold prices closed at US$ 4,342 per troy ounce, setting the stage for potential future movements in the Indonesian market. The correlation between global and local prices is significant, as domestic prices often follow international trends with some adjustments for local market conditions.

Analyst Projections

Commodity analyst Ibrahim Assuaibi provides valuable insights into potential future price movements. According to Assuaibi, if global gold prices experience a correction to the first support level at US$ 4,291 per troy ounce, Indonesian gold prices are likely to decrease to Rp 2.475 million per gram. Should the global price drop further to US$ 4,256 per troy ounce, domestic prices could potentially reach Rp 2.4 million per gram.

Market Implications

The projected price movements have significant implications for both investors and consumers in the Indonesian gold market. A potential surge to Rp 2.6 million per gram in the coming week would represent a substantial increase from current levels, affecting investment decisions and market dynamics.

Conclusion

The gold market remains sensitive to global price movements while also being influenced by local market conditions. Investors and market participants should closely monitor both international gold prices and domestic market trends to make informed decisions.