Executive Summary

Key insights and market outlook

Gold prices continued their downward trend on November 22, 2025, with Antam's gold price falling to Rp2,341,000 per gram, a decrease of Rp7,000 from the previous day ¹

. The buyback price also dropped to Rp2,202,000 per gram. Similar reductions were observed across various gram sizes and other gold dealers like UBS and Galeri24 ¹².

Full Analysis

02

Deep Dive Analysis

Gold Prices Experience Continued Decline on November 22, 2025

Antam Gold Price Movement

The price of gold continued its downward trend on November 22, 2025. Antam's gold price was recorded at Rp2,341,000 per gram, representing a decrease of Rp7,000 from the previous day's closing price ¹

. This reduction was consistent across various gram sizes, with prices ranging from Rp1,220,500 for 0.5 gram to Rp2,281,600,000 for 1,000 grams (1 kilogram) ¹.

Buyback Price Adjustment

Alongside the selling price, Antam also adjusted its buyback price downward to Rp2,202,000 per gram, a decrease of Rp7,000 ¹

³. This adjustment reflects the overall trend in gold pricing for the day.

Comparison with Other Gold Dealers

Other gold dealers such as UBS and Galeri24 also showed similar price reductions ¹

. At Pegadaian, Antam gold was priced at Rp2,583,000 per gram for sale, while the buyback was at Rp2,235,000 per gram ². The price variations between different dealers reflect the competitive dynamics in Indonesia's gold market.

Market Context

Over the past week, Antam's gold price has fluctuated between Rp2,322,000 and Rp2,398,000 per gram ³

. This recent decline brings the price closer to the lower end of this range. The monthly price movement has seen gold prices between Rp2,260,000 and Rp2,398,000 per gram, indicating a relatively stable range despite daily fluctuations ³.

References