Bullion-Bank Customers Jump to 5.7 Million

Coordinating Minister for Economic Affairs Airlangga Hartarto said the number of bullion-bank customers, or bullion banks, has risen sharply over the past year. He noted that the number of bullion-bank customers currently stands at 5.7 million.

‘The bullion bank had 3.2 million customers in February last year; it has now reached 5.7 million,’ Airlangga said at the Strengthen Financial Literacy and Inclusion Action event on Friday, 6 March 2026. The two licensed bullion-bank services in Indonesia are PT Pegadaian and Bank Syariah Indonesia.

Airlangga said the amount of gold pledged with Pegadaian has risen to 144.7 tonnes from 94 tonnes previously. Gold loans have also increased by 38.5 tonnes, or Rp 102 trillion in value. Meanwhile, at BSI, the figure currently stands at 22 tonnes.

According to Airlangga, the price of gold when bullion banks were launched last year was around US$3,000 per troy ounce. Now the price has surged to US$5,000 per troy ounce.

‘This is due to the impact of war. Indeed, gold is a safe haven among the uncertainties for storing wealth,’ Airlangga said.

The Central Statistics Agency notes jewellery gold has experienced month-on-month inflation for 30 consecutive months. In February 2026, jewellery-gold inflation reached 8.42 percent and contributed 0.19 percentage points to inflation.

The surge in jewellery-gold prices aligns with the rise in world gold prices. BPS notes that gold prices have more than doubled since July 2024, from US$2,398 per troy ounce to US$5,019 per troy ounce in February 2026.