Antam Gold Price Rises by Rp 73,000 Over the Week, Now Breaking Through Rp 3,085 Million Per Gram
Jakarta – Antam gold prices have shown fluctuating but generally strengthening movement over the past week. Following several corrections, Antam bullion gold prices have broken through the Rp 3,085 million per gram level by the end of the week.
Based on the official Logam Mulia website, on Monday (23 February 2026), Antam gold prices rose by Rp 16,000 per gram to Rp 3,028,000 from the previous position of Rp 3,012,000 per gram. Meanwhile, buyback prices also increased by Rp 20,000 per gram to Rp 2,813,000 from Rp 2,793,000 per gram.
The strengthening continued on Tuesday (24 February 2026). Antam gold prices jumped by Rp 40,000 per gram to Rp 3,068,000 from Rp 3,028,000 per gram. Buyback prices followed the same trend, rising by Rp 41,000 to Rp 2,854,000 from Rp 2,813,000 per gram.
On Thursday (26 February 2026), gold prices recorded modest strengthening. Antam gold prices rose by Rp 16,000 per gram to Rp 3,039,000 from Rp 3,023,000 per gram. Buyback prices also increased by Rp 16,000 to Rp 2,818,000 per gram from Rp 2,802,000 per gram.
On Friday (27 February 2026), the strengthening continued, but more moderately. Antam gold prices rose by Rp 6,000 per gram to Rp 3,045,000 from Rp 3,039,000 per gram. Buyback prices also increased by Rp 6,000 to Rp 2,824,000 per gram from Rp 2,818,000 per gram.
A significant increase occurred on Saturday (28 February 2026). Antam gold prices surged by Rp 40,000 per gram to Rp 3,085,000 from Rp 3,045,000 per gram. Buyback prices also rose by Rp 40,000 to Rp 2,864,000 from Rp 2,824,000 per gram.
Meanwhile, Antam gold buyback prices increased by Rp 51,000 per gram during the same period, rising from Rp 2,813,000 to Rp 2,864,000 per gram.
Buyback is the price received by gold owners when selling Antam gold back to Logam Mulia.
According to regulations, purchases of bullion gold are subject to Income Tax (PPh) Article 22 at 0.9 per cent. Buyers who provide a Taxpayer Identification Number (NPWP) receive a lower rate of 0.25 per cent. Each purchase is accompanied by a PPh 22 withholding certificate.
For buyback transactions with values exceeding Rp 10 million, PPh 22 is levied at 1.5 per cent for NPWP holders and 3 per cent for non-NPWP holders, deducted directly from the buyback value.
The strengthening of gold prices in the domestic market is in line with the surge in global gold prices. Global gold prices surged after the United States and Israel launched major attacks on Iranian territory on Saturday (28 February 2026).
This tension triggered retaliatory action from Tehran targeting Israeli territory and US military bases in the region.
The strengthening of global gold prices was also driven by the failed meeting of US and Iranian delegations in Geneva, Switzerland, regarding Iran’s nuclear reactor and missile development issues.
The situation has become increasingly complex with conflicts in Afghanistan and Pakistan and the potential involvement of respective allied nations, including the US, China, and Russia.