Antam gold prices fall by Rp31,000 per gram amid global correction

Gold produced by PT Aneka Tambang (Antam) Tbk., known as Antam Logam Mulia, declined today Thursday (28 May 2026), according to data from Antam’s official website, logammulia.com. The price of one gram of Antam gold is priced at Rp2,754,000 per gram, a decrease of Rp31,000 from yesterday’s Rp2,785,000. This brings the total drop over four consecutive trading days to Rp49,000. The buyback price for Antam Logam Mulia also fell to Rp2,557,000 per gramtoday, down Rp37,000 from previous levels. The decline in Antam’s gold prices reflects a global correction in gold prices. According to Refinitiv, global gold prices closed Wednesday (27 May 2026) at US$4,457.03 per troy ounce, down 1.09%. The global gold weakness is influenced by expectations of persistently high interest rates in the United States. Gold, a non-yielding asset, becomes less appealing when investors anticipate the Federal Reserve will keep rates elevated for longer. Additionally, markets are monitoring developments in US-Iran tensions, crude oil prices, and the upcoming release of US Personal Consumption Expenditures (PCE) inflation data, which will serve as key indicators for the Fed’s future monetary policy.