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JAKARTA — Indonesia’s gold market faced renewed turbulence on Saturday as Antam’s benchmark bullion price dropped sharply, with the one-gram bar falling by Rp 50,000 to Rp 2,769,000.
The decline, recorded at 09:00 WIB, marked a significant retreat from the previous day’s level of Rp 2,819,000 per gram, underscoring the fragility of investor sentiment in the face of global and domestic pressures.
Daily Price Movements
The latest adjustment reflects Antam’s ongoing recalibration to international gold trends and currency fluctuations.
Retail investors, who closely monitor Antam’s daily updates, were met with a sobering reminder of the volatility that has characterized the precious metals market in recent months.
While the decline may appear modest in absolute terms, analysts note that such shifts can ripple across household investment strategies, particularly in Indonesia where gold remains a favored hedge against inflation and rupiah depreciation.
Antam Gold Price List (May 16, 2026)
| Weight | Price (Rp) |
|—————-|—————-|
| 0.5 gram | 1,434,500 |
| 1 gram | 2,769,000 |
| 2 grams | 5,478,000 |
| 3 grams | 8,192,000 |
| 5 grams | 13,620,000 |
| 10 grams | 27,185,000 |
| 25 grams | 67,837,000 |
| 50 grams | 135,595,000 |
| 100 grams | 271,112,000 |
| 250 grams | 677,515,000 |
| 500 grams | 1,354,820,000 |
| 1,000 grams (1 kg) | 2,709,600,000 |
Tax Regulations
Antam’s pricing is accompanied by strict tax obligations:
Purchases (PPh 22): 0.45% for NPWP holders, 0.9% for non NPWP buyers.
Buyback (sales back to Antam): 1.5% for NPWP holders, 3% for non-NPWP sellers.
These levies are deducted automatically, ensuring compliance but also raising transaction costs for retail investors without tax identification numbers.
The sharp decline in Antam’s gold price mirrors global commodity volatility, with investors weighing the safe-haven appeal of bullion against mounting pressures from currency weakness.
Indonesia’s rupiah recently touched historic lows against the U.S. dollar, amplifying the sensitivity of domestic gold prices to international shifts.
Economists argue that while short term drops may unsettle retail buyers, longterm demand for gold remains resilient.
Indonesian households continue to view bullion as a safeguard against inflationary pressures and currency instability, reinforcing gold’s role as a cornerstone of personal wealth preservation.
Antam’s latest price adjustment serves as a reminder of the delicate balance between global market forces and domestic economic realities.
For investors, the message is clear vigilance and strategic planning are essential in navigating Indonesia’s evolving gold landscape.
