Executive Summary

Key insights and market outlook

Gold prices have surged to near-record levels, with Antam's gold prices increasing by Rp 9,000 per gram to Rp 2,462,000 per gram as of December 14, 2025 ¹

. The price rise is consistent across various gram weights, with significant increases observed throughout the week ⁴. Pegadaian's gold prices also show similar trends, with prices ranging from Rp 1,405,000 for 0.5 grams to Rp 2,632,960,000 for 1 kilogram ².

Full Analysis

02

Deep Dive Analysis

Gold Prices Near Record Highs as Antam and Pegadaian Prices Rise

Significant Price Increase Observed

Gold prices have surged to near-record levels, driven by a significant increase in Antam's gold prices. As of December 14, 2025, Antam's gold price rose by Rp 9,000 per gram to Rp 2,462,000 per gram ¹

. This price movement follows a consistent upward trend throughout the week, with prices rising from Rp 2,409,000 per gram on Monday, December 8, 2025 ³.

Price Consistency Across Different Weights

The price increase is consistent across various gram weights. According to the data from Kontan, the prices for different weights on December 13, 2025, were as follows ⁴

:

0.5 grams: Rp 1,281,000
1 gram: Rp 2,462,000
5 grams: Rp 12,085,000
10 grams: Rp 24,115,000
100 grams: Rp 240,412,000
1000 grams (1 kg): Rp 2,402,600,000

Pegadaian's Gold Prices

Pegadaian's gold prices also show a similar trend. As of December 14, 2025, the prices at Pegadaian range from Rp 1,405,000 for 0.5 grams to Rp 2,632,960,000 for 1 kilogram ²

. The buyback prices are also significantly high, ranging from Rp 1,162,000 for 0.5 grams to Rp 2,302,515,000 for 1 kilogram.

Market Implications

The surge in gold prices to near-record levels indicates a strong demand for safe-haven assets. Investors are likely turning to gold amid economic uncertainty, driving up prices. The consistent rise across different gram weights and sellers like Antam and Pegadaian underscores the widespread nature of this trend.

References