Indonesia Strengthens Gold Ecosystem Through 'Bullion Connect 2025' Forum

Government Initiative for Comprehensive Development

The Indonesian government, in collaboration with key financial regulators and industry players, has launched the 'Bullion Connect 2025: Linking Mines to Markets' forum. This strategic initiative aims to strengthen the national gold ecosystem by enhancing coordination between upstream and downstream sectors. The event, organized by the Coordinating Ministry for Economic Affairs and OJK, marks a significant step in implementing the mandate of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK).

Regulatory Framework and Industry Collaboration

The OJK has issued Regulation Number 17 of 2024 regarding the Implementation of Bullion Business Activities, providing a robust legal framework for financial institutions to develop various bullion-related services. These include gold savings, gold financing, gold trading, and gold custody services, all under OJK supervision. State-owned enterprises are playing a crucial role in this ecosystem development:

1. PT Pegadaian: As of October 2025, managed 129 tons of gold, focusing on integrating traditional pawn services with digital gold trading through their Tring application.
2. Bank Syariah Indonesia (BSI): Managed 19.77 tons of gold, offering digital transaction capabilities and flexible physical gold withdrawal options starting from 2 grams.
3. PT Aneka Tambang Tbk (ANTAM): As part of the MIND ID mining holding company, ANTAM is working on downstream development and sustainable raw material supply.

Market Potential and Consumer Insights

The World Gold Council's Indonesian Gold Consumer Insights Report, launched during the forum, highlights Indonesia's significant potential in the global gold market. The report underscores high consumer demand and substantial natural resources, positioning Indonesia as one of the most promising gold markets worldwide. The strong consumer interest in gold presents a significant opportunity for the growth of the gold industry and the national bullion ecosystem.

Future Development Roadmap

The government and regulatory bodies are working on a comprehensive roadmap for the bullion ecosystem's development. Key focus areas include cross-sector coordination, product innovation as mandated by the UU P2SK, international cooperation, and enhancing financial literacy among the public. As Ferry Irawan, Deputy for Coordination of State-Owned Enterprises Development at the Coordinating Ministry for Economic Affairs, emphasized, the synergy between various institutions and business entities will be crucial in building a robust bullion ecosystem.