{
    "success": true,
    "data": {
        "id": 1563131,
        "msgid": "gold-prices-hit-rp-3-2-million-a-lucrative-business-but-purchasing-power-increasingly-under-pressure-1771539609",
        "date": "2026-02-18 19:21:58",
        "title": "Gold Prices Hit Rp 3.2 Million: A Lucrative Business but Purchasing Power Increasingly Under Pressure",
        "author": "Gita Amanda",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Finance",
        "summary": "Gold prices in Indonesia briefly breached Rp 3.2 million per gram in early February 2026, triggering panic buying and delivering handsome profits to sellers, though Antam gold has since retreated to Rp 2.878 million per gram. Whilst the gold business is booming \u2014 with global prices having surged roughly 70 per cent throughout 2025 \u2014 the rally exposes a widening gap with middle-class purchasing power, which has failed to keep pace with the safe-haven asset's appreciation.",
        "content": "<p>Gold prices in Indonesia continue to fluctuate and briefly reached a\nrecord high of Rp 3.2 million per gram. As prices have climbed ever\nhigher, the gold business offers substantial profits for sellers.\nHowever, the situation also creates an irony regarding the purchasing\npower of the middle class, which has not kept pace with the rising price\nof this safe-haven asset.<\/p>\n<p>As of Wednesday (18 February 2026), according to logammulia.com, the\nprice of Antam gold stood at Rp 2.878 million per gram, down Rp 40,000\nfrom the previous trading day\u2019s price of Rp 2.918 million per gram. The\nbuyback price was Rp 2.655 million per gram.<\/p>\n<p>Gold prices touched Rp 3.2 million per gram in early February 2026 in\nline with the rise in global gold prices driven by various external\nsentiments influencing its volatility.<\/p>\n<p>When gold prices soared in early February 2026 to breach Rp 3.2\nmillion per gram from producers, panic buying ensued. \u201cThe trend going\nforward is positive because it is a form of saving. People invest and\nseek profits. The tendency is that stock at the shop arrives and sells\nout, arrives and sells out,\u201d one dealer said.<\/p>\n<p>In addition to offering various types of gold products, shops have\nalso innovated by diversifying product weights to reach different\nclasses of buyers. \u201cMy shop specialises only in precious metals and gold\njewellery. Another attraction is that we sell gold in 1-gram, 2-gram,\nand even 0.1-gram denominations,\u201d one retailer explained.<\/p>\n<p>Beyond Antam gold, privately produced gold is also traded, including\nbrands such as UBS and King Halim. King Halim gold is priced more\naffordably at Rp 2.84 million per gram, whilst UBS gold is Rp 2.885\nmillion per gram.<\/p>\n<p>The gold business continues to grow alongside the dynamics of global\ngold prices, which have been trending upward. Sellers have enjoyed\nconsiderable profits from gold sales, particularly throughout 2025 when\nglobal gold prices surged by approximately 70 per cent.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/gold-prices-hit-rp-3-2-million-a-lucrative-business-but-purchasing-power-increasingly-under-pressure-1771539609",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}