Gold Forecast to Surge Next Week, Price Target Nearing Rp 3 Million per Gram
JAKARTA, KOMPAS.com - Gold prices are projected to move fluctuatively with a tendency to strengthen in the last week of April 2026. This condition is driven by geopolitical uncertainties in the Middle East, the direction of US central bank monetary policy, and a surge in global energy prices.
Currency and commodity analyst, Ibrahim Assuaibi, stated that the world gold price closed at $4,708 per troy ounce on Friday’s trading (24/4/2026). Meanwhile, the price of gold bars in the domestic market is around Rp 2,845,000 per gram.
According to him, gold price movements in the short term are still characterised by high volatility with a fairly wide trading range.
“The world gold price closed at 4,708 troy ounces yesterday (Friday). The precious metal is at Rp 2,845,000 per gram,” said Ibrahim to reporters on Sunday (26/4/2026).
Conversely, if gold prices strengthen, the first resistance is estimated to be at $4,779 per troy ounce, with the domestic gold price at Rp 2,865,000 per gram.
Even if the strengthening continues, gold prices have the potential to break through $4,232 per troy ounce or equivalent to Rp 2,980,000 per gram.
“If gold prices rise, it is likely to reach $4,779 per troy ounce. Then the precious metal is at Rp 2,865,000 per gram. If it rises further, the second resistance is at $4,232 per troy ounce, with the precious metal at Rp 2,980,000,” he explained.
Meanwhile, crude oil prices are estimated to be in the area of $82.6, with potential increases up to $107.4, in line with rising risks of global energy supply disruptions.
From a fundamental perspective, there are four main factors influencing gold price movements, namely geopolitics in the Middle East, political dynamics in the United States, US central bank policies, and the supply-demand balance.
Geopolitical tensions in the Middle East are the dominant factor driving market volatility. The conflict between the United States and Iran remains heated, amid discussions of a follow-up meeting planned to take place in Pakistan.
However, the situation remains full of uncertainty following the incident of the US seizing an Iranian tanker, as well as strong statements regarding the possibility of military action in the Strait of Hormuz area.
At the same time, the conflict in southern Lebanon is still ongoing, adding to the geopolitical pressure in the region.