Gold prices fluctuate, with precious metal possibly reaching Rp3.15 million

Sun, 08 Mar 2026, 13:59 WIB | By Wisnu Arto Subari | Source: MEDIA_INDONESIA | Finance

Gold prices are projected to remain volatile in line with global gold price dynamics, with a potential break above a resistance level in the near term. If the upward trend continues, domestic gold prices could reach around Rp3.15 million per gram in the coming period.

Ibrahim Assuaibi, an observer of currencies and commodities, said that global gold trading on Saturday morning (8 March) closed at US$5,171 per troy ounce. Meanwhile, domestic precious metals price closed at Rp3.059 million per gram.

He explained that if world gold prices fall to the first support at US$5,095 per troy ounce, gold would likely trade around Rp3,030,000 per gram. Then, if world price falls to the second support at US$4,959 per troy ounce, the metal could be around Rp2,900,000 per gram.

Conversely, if world gold prices rise to the first resistance at US$5,229 per troy ounce, domestic gold could trade at around Rp3,095,000 per gram on Monday.

‘If within a week world gold prices rise to the second resistance at US$5,395 per troy ounce, the precious metal is likely to be at Rp3,150,000 per gram,’ Ibrahim said in a press statement, Sunday (8 March).

Furthermore, he noted that gold price movements are also affected by the movement of the US dollar index. In the coming week, the dollar index (DXY) is expected to move with support at 97.60 and resistance at 99.30. He said that fluctuations in global gold prices are influenced by several factors, including geopolitical conditions, US political dynamics, trade wars, and US central bank policies.

Ibrahim highlighted geopolitics as a key driver of gold price movements. Tensions among Iran, the United States, and Israel are reportedly intensifying day by day. The conflict also involves opposition groups such as the Kurds whom the United States has asked to fight Iran, though Kurdish forces were ultimately subdued.

‘DIn addition, global gold prices are used as a safe haven,’ Ibrahim said.

Additionally, a rise in crude oil prices is an important factor affecting gold price movements. According to him, crude oil prices could reach US$100 per barrel. Brent could reach US$150 per barrel. The price rise is triggered by Iran’s closure of the Hormuz Strait, disrupting global oil supplies. (I-2)

Antam gold price today Saturday 7 March 2026 rose to Rp3,059,000 per gram. Check details for gold bars 0.5 gram to 1 kg here.

Update on gold prices today at Pegadaian. UBS gold and Galeri 24 coins fell on Saturday morning (7 March 2026). Check full price details here.

Antam bullion price on Friday 6 March 2026 remained stable.

Antam price today Thursday 5 March 2026 rose by Rp4,000 to Rp3,049,000 per gram. Buyback price jumped Rp25,000. Check full details.

Gold price today at Pegadaian, Thursday 5 March 2026, fell sharply. UBS price Rp3,091,000 per gram and Galeri 24 Rp3,075,000 per gram. Check details.

Collaboration to Strengthen Domestic Gold Raw Material Supply

IHSG fell sharply by 2.65% on 2 March 2026 due to escalation of US-Iran conflict triggering spikes in oil and gold prices.

The Jakarta Composite Index (IHSG) on 2 March 2026 closed lower in Asia. IHSG fell 218.65 points or 2.66% to 8,016.83.

Update: Antam gold price today Friday 20 February 2026 rose slightly. Check details per gram, buyback, and global market analysis here.

PT Pegadaian posted positive performance in 2025 with a net profit of Rp8.34 trillion.

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