Antam Gold Price Breaks Through Rp3.135 Million as Iran-US Conflict Escalates
A brutal and deadly attack by Israel and the United States on Iran on Saturday, 28 February shocked the world.
Antam gold prices recorded a fantastic increase at the beginning of the week’s trading on Monday, 2 March 2026. Gold prices surged Rp50,000 per gram, bringing Antam gold prices to the level of Rp3.135 million per gram.
This sharp increase was triggered by intensifying geopolitical tensions in the Middle East and the weakening of the rupiah exchange rate which broke through the Rp16,800 level per US dollar.
The following are details of Antam gold prices at the Butik Logam Mulia Jakarta branch (Pulo Gadung) for various weights:
Antam gold buyback prices, or the repurchase price, today also experienced a significant increase of Rp50,000, reaching the level of Rp2.914 million per gram. This buyback price serves as a reference if you wish to resell your gold to Butik Logam Mulia.
In accordance with the provisions of PMK No. 34/PMK.10/2017, buyback transactions with amounts exceeding Rp10 million are subject to income tax (PPh 22) of 1.5% for NPWP holders and 3.0% for non-NPWP holders. This tax is deducted directly from the total transaction value.
The very aggressive increase in gold prices at the beginning of March 2026 is inseparable from conditions of global uncertainty. The conflict in the Middle East involving Iran, Israel, and the United States has triggered concerns about a large-scale war breaking out, making gold the primary choice for investors to protect the value of their assets.
On the other hand, pressure on the Indonesian rupiah exchange rate, which continues to weaken against the US dollar, has had a dual impact on rising gold prices in the domestic market. Analysts estimate that gold prices still have room to strengthen if geopolitical tensions do not subside in the near term.
World gold prices recorded a new historical record in Monday trading (2 March).
Gold prices today at Pegadaian, Monday 2 March 2026: UBS gold broke through Rp3.167 million per gram and Galeri 24 rose to Rp3.130 million per gram.