Gold Prices Surge to Record High Amid Global Uncertainty

New Record Set on December 22, 2025

The price of Antam gold reached a new record high of Rp2.502 million per gram on December 22, 2025, marking an increase of Rp11,000 from the previous trading day ¹

²

Source 2

https://finansial.kontan.co.id/news/cek-harga-emas-antam-logam-mulia-hari-ini-senin-2212-naik-rp11000-per-gram

. This significant rise was observed across various gram denominations, with prices for other weights such as 0.5 gram reaching Rp1.301 million and 10 grams at Rp24.515 million ²

Source 2

https://finansial.kontan.co.id/news/cek-harga-emas-antam-logam-mulia-hari-ini-senin-2212-naik-rp11000-per-gram

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Factors Driving the Price Increase

Several key factors contributed to this sudden surge in gold prices:

1. Global Economic Uncertainty: Ongoing global economic challenges have driven investors towards safe-haven assets like gold ⁵
   Source 5

   https://investasi.kontan.co.id/news/harga-emas-antam-sentuh-rekor-rp-25-juta-analis-proyeksi-tren-berlanjut-hingga-2026
   .
2. Geopolitical Tensions: Rising geopolitical tensions have further boosted gold demand as investors seek stability ⁵
   Source 5

   https://investasi.kontan.co.id/news/harga-emas-antam-sentuh-rekor-rp-25-juta-analis-proyeksi-tren-berlanjut-hingga-2026
   .
3. Expectations of US Interest Rate Cuts: Market expectations of potential interest rate cuts by the US Federal Reserve have also supported gold prices ⁵
   Source 5

   https://investasi.kontan.co.id/news/harga-emas-antam-sentuh-rekor-rp-25-juta-analis-proyeksi-tren-berlanjut-hingga-2026
   .
4. Rupiah Weakness: The weakening rupiah against major currencies has made gold more expensive for Indonesian investors, yet demand remains strong ⁶
   Source 6

   https://finance.detik.com/berita-ekonomi-bisnis/d-8271362/sejarah-baru-harga-emas-antam-tembus-rp-2-5-juta
   .

Buyback Price Movement

The buyback price for Antam gold also saw an increase, rising by Rp11,000 to Rp2.361 million per gram ¹

. This change reflects the overall upward movement in gold pricing. According to current regulations, transactions above Rp10 million are subject to a 1.5% income tax (PPh 22) ²

Source 2

https://finansial.kontan.co.id/news/cek-harga-emas-antam-logam-mulia-hari-ini-senin-2212-naik-rp11000-per-gram

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Market Outlook

Analysts from various financial institutions have provided insights into the potential future movement of gold prices:

1. Continued Growth Expected: Experts predict that gold prices may continue to rise through 2026, driven by sustained global uncertainty and central bank purchases ⁵
   Source 5

   https://investasi.kontan.co.id/news/harga-emas-antam-sentuh-rekor-rp-25-juta-analis-proyeksi-tren-berlanjut-hingga-2026
   .
2. Technical Analysis: The breaking of previous resistance levels suggests potential for further price increases ⁶
   Source 6

   https://finance.detik.com/berita-ekonomi-bisnis/d-8271362/sejarah-baru-harga-emas-antam-tembus-rp-2-5-juta
   .

Detailed Price List for December 22, 2025