Gold Price Predicted to Reach Rp 2.9 Million per Gram Next Week
Director of PT Traze Andalan Futures, Ibrahim Assuaibi, predicts that gold prices will range between Rp 2.8-2.9 million per gram next week. The dominant factors will still be influenced by global conditions.
“There are geopolitical factors, politics in America, central bank policies, and then the fourth is supply and demand,” he stated in his comments on Sunday, 26 April 2026.
Ibrahim predicts that gold prices could reach US$4,651 per troy ounce or Rp 2.8 million per gram if there is a decline from last Friday’s trading close. If it continues to fall, it is estimated to be at US$4,520 per troy ounce or Rp 2,790,000 per gram. At last Friday’s trading close, gold prices were at US$4,708.69 per troy ounce or Rp 2,825,000 per gram.
At the highest level, said Ibrahim, gold prices are estimated at US$4,779 per troy ounce or Rp 2,865,000 per gram. If higher than that, it is likely to be at US$4,880 or around Rp 2,980,000.
The influencing factors include efforts to negotiate between the United States and Iran facilitated by Pakistan. The ceasefire extension effort extended by the United States since 22 April is still doubted by Iran due to ongoing threats of attacks.
In addition, the shipping route in the Strait of Hormuz has not yet been fully opened, further driving up global crude oil prices. “Iran has closed the Strait of Hormuz again, and this is what is causing oil prices to soar and impact what? Inflation,” said Ibrahim.
Then, internal dynamics from the US Federal Reserve also influence speculation on gold prices and the rupiah exchange rate against the dollar. One such dynamic is that Kevin Warsh will take office as Chairman of The Fed, replacing Jerome Powell in May.
Regarding supply and demand, said Ibrahim, BRICS member countries (Brazil, Russia, India, China, South Africa) are adding gold to their foreign exchange reserves to anticipate a prolonged war. “Thus, when the price of precious metals (gold) declines, this is the best opportunity for central banks of BRICS member countries to build their wealth,” he said.
As for the gold price of PT Aneka Tambang (Persero) Tbk., according to the official website logammulia.com, it was observed to be fluctuating throughout April 2026. Prices ranged from Rp 2,805,000 – 2,807,000 per gram, with the highest price of Rp 2,922,000 per gram on 2 April.