Indonesian Political, Business & Finance News

Antam Releases Special Eid al-Fitr Gold Edition as Precious Metal Prices Decline

| | Source: KOMPAS Translated from Indonesian | Business
Antam Releases Special Eid al-Fitr Gold Edition as Precious Metal Prices Decline
Image: KOMPAS

PT Antam (Aneka Tambang) Tbk has released a special edition gold for Eid al-Fitr 2026 as precious metal prices decline.

In a post on its official Instagram account @antamlogammulia, this special Lebaran 2026 gold is available in bar form weighing 0.5 to 5 grams.

“On this day full of victory, it’s time to share something more meaningful. Not only beautiful for today, but also valuable for the future. ANTAM’s special Eid al-Fitr gold edition comes in 0.5g, 1g, up to 5g, ready to be a special gift for loved ones,” it states.

It is also known that Antam is opening go show sales at three different locations with the theme ‘THR to Gold’, along with the following details.

Pakuwon Mall Bekasi

Mall Taman Anggrek

Meanwhile, as gold purchases by Indonesians increase, global precious metal prices experienced a decline of Rp 2,843,000 per gram on 23 March 2026.

The conflict has triggered a rise in oil prices, increasing inflation concerns in various countries.

The rise in energy prices has made market participants cautious about investing due to expectations of interest rate hikes. This is the background for the gold price decline.

Because precious metals, whether gold or silver, are known as hedges against inflation.

“High energy prices have caused investors to panic, and gold prices also fell on Monday. The spot price dropped 2.5 percent to $4,388 (around Rp 74 million, exchange rate Rp 16,941) per ounce because higher inflation prospects still trigger expectations of interest rate hikes. Gold becomes relatively less attractive when interest rates are high, because this metal does not provide returns,” explained The Guardian on Monday (23/6/2026).

Gold prices are predicted to remain stable with a tendency to decline before experiencing an increase in mid-2026.

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