Gold Prices Slip

Gold Prices Slip as Inflation Concerns Rise While Oil Surges Above $100

Global gold prices declined in Monday’s trading (March 16, 2026) as rising concerns over global inflation weighed on market sentiment.

The surge in oil prices, driven by escalating conflict in the Middle East, is expected to complicate central banks’ plans—including the Federal Reserve—to cut interest rates in the near term.

Spot gold fell 0.3% to $5,001.61 per ounce at 11:10 GMT. Meanwhile, U.S. gold futures for April delivery dropped 1.1% to $5,007.20 per ounce.

According to Natixis analyst Bernard Dahdah, the focus of the gold market has shifted from disruptions in the Strait of Hormuz to the longer-term inflation outlook.

“Higher oil prices mean higher inflation. This situation could force the Federal Reserve to pause its rate-cutting cycle,” he said.

The sharp rise in oil prices has become a key factor pressuring gold. Oil prices have remained above $100 per barrel, surging more than 40% this month and reaching their highest levels since 2022.

The rally has been fueled by intensifying geopolitical tensions after military strikes by the United States and Israel on Iran prompted Tehran to halt oil shipments through the Strait of Hormuz, a critical shipping route for global energy trade.

U.S. President Donald Trump has reportedly spoken with seven allied nations to help secure the strategic waterway after Iran launched continued attacks on vessels in the region.

The conflict between the United States and Israel against Iran has now entered its third week.

From the monetary policy perspective, investors are also closely watching the Federal Reserve’s two-day policy meeting scheduled this week. The U.S. central bank is widely expected to keep interest rates unchanged.

Several other major central banks will also hold policy meetings during the same period, including the European Central Bank, Bank of England, and Bank of Japan.

Market participants are waiting for policymakers’ views on how the Iran conflict could affect inflation, global economic growth, and the future direction of monetary policy.

In a research note, analysts at UBS said central banks are likely to remain cautious about inflation risks without immediately resorting to aggressive interest rate hikes.

However, UBS also warned that a prolonged conflict between the United States and Iran could weaken the global economy. Such conditions may ultimately boost safe-haven demand for gold.

Meanwhile, other precious metals showed mixed movements. Spot silver fell 2.1% to $78.86 per ounce, while platinum rose 2.6% to $2,076.23 per ounce. Palladium edged down 0.3% to $1,547.14 per ounce.

Share:

Read More

Antam Gold Drops

Antam Gold Price Falls to Rp3,021,000 per Gram

The price of gold bars produced by PT Aneka Tambang Tbk (Antam) declined again in trading on Friday, March 13, 2026. According to official data from the Logam Mulia website, the price of Antam gold dropped by Rp21,000, bringing it to Rp3,021,000 per gram.

This correction places the gold price further away from its all-time high recorded on January 29, 2026, when it reached Rp3,168,000 per gram.

Antam Buyback Price Also Declines

Adjustments were also seen in the buyback price of Antam gold. Currently, the buyback value stands at Rp2,783,000 per gram, down Rp21,000 from the previous price of Rp2,804,000 per gram.

The price drop has affected several sizes of gold bars marketed by Antam. For smaller denominations, 0.5-gram gold bars are now priced at Rp1,560,500, slightly lower than the previous Rp1,571,000.

Meanwhile, 2-gram gold bars are sold at Rp5,982,000, down from Rp6,024,000. The price of 5-gram gold bars has also decreased to Rp14,888,000, compared to Rp14,985,000 previously.

Latest Antam Gold Prices (March 14, 2026)

Ahead of the weekend trading session, Antam gold bars are available in various sizes. Investors planning to purchase gold should prepare funds according to the following price list:

• 0.5 gram: Rp1,560,500

• 1 gram: Rp3,021,000

• 2 grams: Rp5,982,000

• 5 grams: Rp14,888,000

• 10 grams: Rp29,705,000

• 25 grams: Rp74,137,000

• 50 grams: Rp148,195,000

• 100 grams: Rp296,312,000

• 250 grams: Rp740,515,000

• 500 grams: Rp1,480,820,000

• 1,000 grams: Rp2,961,600,000

The latest decline in Antam gold prices may attract investors who are looking to buy gold during price corrections, especially as precious metals remain a popular safe-haven investment amid global economic uncertainty.

Share:

Read More

Gold Stocks Decline

 Gold Mining Stocks Dip Despite Surging Gold Prices

Gold prices in the global market continue to surge amid escalating geopolitical tensions in the Middle East. However, the sharp rise in gold prices has not been followed by gains in the shares of gold mining companies.

According to Bloomberg data on Wednesday (March 11, 2026), spot gold closed 0.3% lower at US$5,176.46 per troy ounce, although it still recorded a 0.7% weekly gain. Earlier in the week, global gold prices briefly climbed above the US$5,200 per troy ounce level.

Despite the strong performance of gold prices, several Indonesian gold mining stocks have recently declined. Shares of PT Aneka Tambang Tbk (ANTM) fell 1.98% over the past week to Rp3,970 per share as of Wednesday (March 11, 2026). Meanwhile, PT Bumi Resources Minerals Tbk (BRMS) slipped 1.18% to Rp840 per share during the same period.

Two companies under the Merdeka Group also recorded losses. PT Merdeka Copper Gold Tbk (MDKA) dropped 1.75% to Rp3,370 per share, while PT Merdeka Gold Resources Tbk (EMAS) declined 1.23% to Rp8,000 per share in the past week.

Shares of PT Amman Mineral Internasional Tbk (AMMN) experienced the sharpest correction, plunging 9.84% to Rp5,500 per share. Meanwhile, PT Archi Indonesia Tbk (ARCI) also weakened 3.67% to Rp1,705 per share over the last seven days.

Global Risk Sentiment Pressures Gold Stocks

Kiwoom Sekuritas Head of Research Liza Camelia Suryanata explained that the decline in gold mining stocks is largely driven by negative global market sentiment related to the escalating geopolitical conflict in the Middle East.

Potential disruptions to global energy supply are creating macroeconomic risks that are weighing on the Jakarta Composite Index (IHSG) and global stock markets. As a result, gold mining stocks are being dragged down along with the broader market.

According to Liza, investors are increasingly shifting to a risk-off strategy, which leads them to reduce exposure to equities even though gold itself continues to act as a safe-haven asset.

“This situation is contributing to the decline in gold mining shares despite rising gold commodity prices,” she said on Wednesday (March 11, 2026).

Capital Outflows Add Pressure

A similar view was expressed by Muhammad Wafi, Head of Research at Korea Investment & Sekuritas Indonesia (KISI). He noted that the pressure on gold mining stocks is also caused by broader risk-off sentiment and capital outflows from the stock market.

Wafi added that stocks such as MDKA and AMMN face additional pressure due to their significant exposure to other commodities like nickel and copper, which can affect overall performance.

“Most gold mining stocks are currently fairly valued, and some are even trading at a premium because the market has already priced in the gold rally,” Wafi said.

Strong Gold Prices Support Future Performance

Despite the recent decline in share prices, Wafi believes the financial performance of gold mining companies could exceed their 2025 results, supported by higher average selling prices of gold.

However, operational challenges may limit growth in sales volumes. Production capacity constraints and government-regulated quotas under the RKAB (Work Plan and Budget) could restrict the ability of producers to increase supply quickly.

As a result, physical gold supply often struggles to keep up with the sudden surge in demand.

Positive Outlook for Gold Producers in 2026

Liza remains optimistic about the 2026 outlook for gold mining companies, supported by both external and internal factors.

Externally, rising global gold prices and continuous accumulation by central banks worldwide remain key catalysts. Internally, companies’ ability to increase production volumes and maintain cost efficiency will be crucial for improving financial performance.

She also highlighted that demand for physical gold remains very strong, as reflected by retail premiums that often exceed global spot prices.

To navigate market volatility, Liza emphasized that gold producers must prioritize cost-control strategies to maximize profit margins during the current commodity price rally.

Stock Picks and Target Prices

Meanwhile, Wafi suggested that gold mining companies should focus on reducing maintenance costs and accelerating the expansion of processing facilities.

Companies that operate purely in the gold industry and are currently expanding production capacity could benefit the most from the ongoing surge in gold prices.

Based on this outlook, Wafi recommends BRMS, ANTM, and MDKA as attractive investment options with target prices of:

• BRMS: Rp900 per share

• ANTM: Rp4,000 per share

• MDKA: Rp3,700 per share

These stocks could gain further momentum if the global gold rally continues and production capacity expands in the coming years.

Share:

Read More

Eid Gold Demand

 Gold Demand Rises Ahead of Eid al-Fitr

Gold demand is expected to increase ahead of Eid al-Fitr as many Indonesians receive additional income from the Holiday Allowance (THR) during the Ramadan season.

According to Shaokai Fan, Head of Asia-Pacific (ex-China) and Global Head of Central Banks at the World Gold Council (WGC), public interest in gold in Indonesia typically rises during Ramadan and the period leading up to Eid al-Fitr. This trend reflects not only seasonal spending patterns but also the important role gold plays in household financial planning.

In Indonesia, gold holds a unique position by combining cultural value, liquidity, and long-term wealth protection. These factors make it an attractive asset, especially during periods when household cash flow temporarily increases.

Shaokai explained that the Ramadan and Eid festive season significantly influences household liquidity within a relatively short period.

“When people receive additional seasonal income such as the Holiday Allowance (THR), some allocate it to assets that can preserve long-term value, including gold,” Shaokai said in an official statement on Wednesday (March 11, 2026).

Beyond liquidity factors, cultural traditions and seasonal trends also play an important role in shaping market dynamics. In Indonesia, Ramadan and Eid al-Fitr often mark a surge in gold trading activity, reflecting both financial planning strategies and the deep cultural connection many Indonesians have with gold.

Although the increased buying activity tends to occur seasonally, the underlying motivation is usually long-term investment. Surveys show that Indonesian investors typically hold physical gold for around six years, highlighting its role as a long-term wealth preservation tool rather than a short-term trading asset.

Similar seasonal patterns can also be seen in other major gold markets around the world. In China, gold demand often rises ahead of the Chinese New Year, when gold is widely given as gifts symbolizing prosperity and good fortune. Meanwhile, in India, gold purchases usually increase during the wedding season, when gold plays a central role in both cultural traditions and family financial planning.

“These seasonal patterns highlight the broader role of gold in household portfolios,” Shaokai explained. “Amid macroeconomic uncertainty and pressure on purchasing power, gold is often viewed as a reliable asset for protecting long-term value.”

In addition, findings from the Indonesia Consumer Insights Analysis Report show that gold is the second most commonly owned asset among Indonesian investors after savings accounts. Many investors prioritize security and long-term stability in their investment decisions, reinforcing gold’s position as a key component of household wealth management.

During festive seasons, local gold producers and retailers frequently launch special-edition gold products, which attract both investors and gift buyers. These initiatives demonstrate the dynamic nature of Indonesia’s gold market and its responsiveness to cultural moments.

“These themed products can also expand demand beyond traditional investors, as purchase decisions are often influenced not only by financial considerations but also by symbolic and emotional values,” Shaokai concluded.

Share:

Read More

Antam Gold Today

Antam Gold Price Today Rises to Rp3,047,000 per Gram – Check the Latest Price List

The price of gold bars produced by PT Aneka Tambang Tbk (Antam) increased in trading on Tuesday, March 10, 2026. According to official data from LogamMulia.com, the Antam gold price today reached Rp3,047,000 per gram, up Rp8,000 compared to the previous price.

Despite the increase, the current price remains below the all-time high recorded on January 29, 2026, when Antam gold reached Rp3,168,000 per gram.

Earlier, on Monday (March 9) morning, the price of Antam gold experienced a sharp drop of Rp55,000, bringing it down to Rp3,004,000 per gram. However, by the afternoon session, the precious metal rebounded strongly, rising Rp35,000 to Rp3,039,000 per gram.

Antam Gold Buyback Price Also Changes

Adjustments were also seen in the Antam gold buyback price, which refers to the price at which Antam repurchases gold from customers.

The buyback value previously dropped by Rp65,000, from Rp2,822,000 per gram to Rp2,757,000 per gram. Later in the afternoon, the buyback price recovered by Rp31,000 to Rp2,788,000 per gram.

In today’s trading session, the buyback price increased again by Rp14,000, reaching Rp2,802,000 per gram.

Latest Antam Gold Prices by Weight

Price adjustments also occurred across various Antam gold bar sizes. For example, the 0.5 gram gold bar is now priced at Rp1,573,500, up from Rp1,552,000 previously. Meanwhile, 2 grams of gold is currently priced at Rp6,034,000, and the 5 gram gold bar has increased to Rp15,010,000.

For investors looking to purchase larger quantities, Antam also offers gold bars in larger denominations. The 25 gram gold bar is currently sold at Rp74,787,000, while the 50 gram gold bar is priced at Rp149,495,000.

Complete Antam Gold Price List – March 10, 2026

• 0.5 gram: Rp1,573,500

• 1 gram: Rp3,047,000

• 2 grams: Rp6,034,000

• 5 grams: Rp15,010,000

• 10 grams: Rp29,965,000

• 25 grams: Rp74,787,000

• 50 grams: Rp149,495,000

• 100 grams: Rp298,912,000

• 250 grams: Rp747,015,000

• 500 grams: Rp1,493,820,000

• 1,000 grams: Rp2,987,600,000

Share:

Read More

Gold ETF Opportunity

 

Gold ETF Could Become a New Investment Choice as Regulations Are Prepared

Bahana TCW Investment Management believes the investment world is currently undergoing an interesting shift in paradigm. In the past, owning gold was closely associated with storing physical gold bars in safes or hiding jewelry at home. However, the digital era has transformed how investors access gold, making it far more efficient and accessible.

Amid ongoing global market dynamics, Gold Exchange Traded Funds (Gold ETFs) are emerging as a smart and essential instrument for modern investment portfolios.

Gold Price Rally Strengthens Investor Interest

Since 2025, the public has witnessed a significant surge in global gold prices. According to Bloomberg data, gold prices surged by 64.52% throughout 2025, highlighting the metal’s strong appeal as a safe-haven asset.

Danica Adhitama, Marketing Director of Bahana TCW Investment Management, explained that the rise in gold prices has been largely driven by prolonged geopolitical uncertainty and the growing strategy of central banks worldwide to strengthen their foreign exchange reserves with precious metals.

Global central banks reportedly added 254 tons of gold to their reserves during 2025, marking the fourth-largest annual increase this century.

Gold Investment Trend Strengthens in Indonesia

In Indonesia, this global trend has been amplified significantly. More investors are realizing that gold is not merely jewelry but also a resilient investment instrument capable of withstanding economic volatility.

However, as physical gold prices continue to climb, new challenges arise for investors—particularly in finding ways to invest in gold with lower costs, higher security, and greater flexibility.

According to Danica, this is where Gold ETFs can offer a compelling solution.

“With the rising price of physical gold, investors are looking for safer, more efficient alternatives. Gold ETFs could become one of the new investment models in Indonesia that address these needs,” Danica said in an official statement on Monday (March 9, 2026).

What Is a Gold ETF?

Simply put, a Gold ETF is a mutual fund structured as a collective investment contract whose units are traded on the Indonesia Stock Exchange (IDX). Each ETF unit represents ownership of physical gold that is securely stored by a professional gold custodian.

Why Gold ETFs Are Attracting Investors

There are several key reasons why Gold ETFs are gaining strong interest among investors.

1. High Liquidity

One of the biggest challenges of owning physical gold is the lengthy buying and selling process. Investors usually need to visit gold shops or bullion boutiques, verify gold purity, and negotiate buyback prices.

Gold ETFs eliminate these complications. Investors can buy or sell ETF units in real-time during stock exchange trading hours, allowing them to react quickly to market changes.

2. Cost Efficiency and Profit Potential

Many investors overlook the hidden costs of physical gold, such as wide buy-sell spreads, storage fees, and insurance costs.

Gold ETFs offer tighter spreads and greater cost efficiency. Gold price increases are directly reflected in the Net Asset Value (NAV) of the ETF transparently.

Investors also do not need to worry about safe deposit box costs or the risk of theft, since the physical gold backing the ETF is professionally stored and regulated by Indonesia’s Financial Services Authority (OJK), which is currently preparing ETF regulations expected in the first half of 2026.

3. Transparency

Trust is a critical element in any investment. Gold ETFs provide a level of transparency rarely found in traditional physical gold markets.

ETF prices move closely with international gold prices, and the physical gold underlying the ETF is regularly audited, ensuring that each ETF unit held by investors is fully backed by real gold.

Bright Outlook for Gold ETFs and Digital Gold

Looking ahead, the prospects for Gold ETFs and digital gold investments remain highly promising. Financial technology integration now allows investors to access the gold market directly from their smartphones.

Danica emphasized that the Indonesian government and regulators continue to support the development of capital markets through innovative instruments like Gold ETFs. For retail investors, this presents an opportunity to diversify their portfolios with affordable investment amounts.

“Investors no longer need tens of millions of rupiah to buy a 10-gram gold bar. With ETFs, investments can start from smaller units that represent a fraction of gold while offering similar growth potential,” she explained.

Bahana TCW Preparing Gold ETF Product

Responding to the growing demand for this investment product, Bahana TCW Investment Management has partnered with several strategic institutions to develop a Gold ETF product for Indonesian investors.

The product is planned to be launched in Indonesian Rupiah (IDR) denomination and will also comply with Sharia investment principles, making it accessible to a wider range of investors in Indonesia.

Share:

Read More