Bullion-bank customers in Indonesia surpass 5.7 million
Jakarta — Coordinating Economic Affairs Minister Airlangga Hartarto revealed the rapid growth in the number of bullion-bank customers. In line with rising global gold prices, the number of bullion-bank customers in Indonesia has reached 5.7 million, up 78 percent from a year earlier.
‘The bullion bank had 3.2 million customers in February last year; now it has reached 5.7 million, so it has risen rapidly,’ Airlangga said at the launch of the “Strengthen Literacy and Financial Inclusion for Welfare” (KLIK) and the Financial Access Movement through Business Matching and Literacy for Financial Welfare (Gerakan Aku Bisa Sejahtera) at Bank Indonesia Complex, Jakarta, on Friday (6 March 2026).
Airlangga also noted that the amount of gold pledged with Pegadaian has surged to 144.7 tonnes from 94 tonnes previously. Gold loans have also risen by 38.5 tonnes or Rp 102 trillion. At BSI itself, this has reached 22 tonnes.
It is understood that there are currently two bullion-bank operators licensed in Indonesia: PT Pegadaian (Persero) and PT Bank Syariah Indonesia Tbk (BRIS). ‘Indeed one of the drivers of inflation stems from gold purchases, and the price of gold at the bullion-bank launch was still around 3,000 US dollars per troy ounce, and is now around 5,000 US dollars per troy ounce, this is due to the war,’ he said.
As a safe-haven asset, gold naturally attracts demand amid geopolitical tensions around the world, particularly in the Middle East.
It is noted that the Central Statistics Agency (BPS) records that gold is among the commodities making significant contributions to inflation. Jewellery-gold inflation in February 2026 reached 8.42 percent with a contribution of 0.19 percent.
Jewellery gold has experienced month-on-month inflation for 30 consecutive months. The rise in jewellery-gold prices has accompanied the increase in world gold prices. As of Friday (6 March 2026), Antam gold prices stood at Rp 3.024 million per gram. This figure has risen sharply compared with around a year ago when it was around Rp 1.7 million per gram.