Indonesian Political, Business & Finance News

Antam Gold Price Drops by Rp 25,000 per Gram

| Source: TEMPO_ID_BISNIS Translated from Indonesian | Finance

The gold price from PT Aneka Tambang Tbk (Antam) declined again on Tuesday, 2 June 2026. Today’s Antam gold price dropped by Rp 25,000 per gram compared to the previous day.

According to data from the Logam Mulia website, today’s gold price is recorded at Rp 2,774,000 per gram, down from Monday, 1 June 2026, which was recorded at Rp 2,799,000 per gram. The gold price has stabilised at this level after experiencing consecutive increases on 29 and 30 May 2026.

Gold prices reached an all-time high of Rp 3,168,000 on 29 January 2025. Throughout May, the highest price recorded was Rp 2,859,000 per gram on 12 May 2026. Additionally, the buyback price for Antam gold bars also fell by Rp 25,000 to Rp 2,584,000 per gram today.

Quoting Trading Economics, the global gold price as of Tuesday morning at 09:45 was approximately US$ 4,475 per troy ounce. Gold is trading below US$ 4,500 per ounce today following a decline in the previous session. Gold prices are being pressured by stalled peace negotiations between the United States and Iran, leaving inflation risks and interest rate expectations as primary focuses.

On Monday, Iranian media reported that Tehran had halted communications with Washington in response to Israeli attacks in Lebanon. Meanwhile, US President Donald Trump stated that talks are ongoing and suggested that a memorandum of understanding with Iran to reopen the Strait of Hormuz could be achieved as early as next week.

The market is currently pricing in an interest rate hike by the US Federal Reserve before the end of the year, following rising inflation in the country, largely driven by conflicts in the Middle East. Investors are now awaiting the US monthly employment report this week and comments from Federal Reserve officials for further clues regarding the future direction of monetary policy.

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