Gold Prices Edge Higher as BSI Says Gold Stock Is Safe - TopBusiness
Jakarta, TopBusiness – Gold prices have shown a significant upward trend, rising more than 50% over the past year. By Wednesday (4 March 2026), gold prices had reached around Rp3.1 million per gram. This rise has also spurred public interest in investing in safe-haven instruments such as gold.
Bank Syariah Indonesia (BSI) customers’ interest in gold services has exceeded expectations. Besides the instrument being unique, gold is also a safe and accessible investment in line with Sharia principles. The gold investment trend has also driven business growth at BSI, Indonesia’s first Gold Bank.
The number of bullion bank customers at BSI increased from January to February 2026 (year-to-date) by 44%, and sales for 2026 to date have reached 58% of total sales in 2025. This is also driven by a multiplier effect of global conditions related to tensions in the Middle East, which influence gold demand as gold prices rise. To anticipate increasing demand, BSI has strong inventory management.
BSI’s Director of Sales and Distribution, Anton Sukarna, said, “Going forward, we expect gold demand to continue rising. Therefore, BSI will ensure readiness from the stock side, as well as educate customers so that gold investment is done gradually and with a long-term orientation. In any condition, BSI always anticipates adequate stock availability from suppliers and effective inventory management,” he said on the bankbsi.co.id site.
To meet customers’ gold needs, BSI is currently collaborating with several suppliers and does not rule out adding more suppliers in the future, based on studies and considerations of implementing appropriate risk management.
The ease of real-time bullion bank gold purchases via the BYOND super app also encourages people to buy gold safely and easily. Moreover, customers can make purchases starting at around Rp50,000. Customers can also transfer their gold balance (gramase) to other BSI Gold accounts. In addition, customers who wish to have their gold minted can apply via the app and collect at a branch office of their choosing.