Gold Prices Today, 11 May 2026: Antam, Galeri 24 Pegadaian, and UBS

JAKARTA, KOMPAS.com – Gold prices today, Monday (11/5/2026), were observed to have uniformly declined among several precious metal providers. Antam gold prices at Logam Mulia weakened by Rp 20,000 per gram. Meanwhile, gold prices for Galeri 24, Antam, and UBS at Pegadaian also fell compared to the previous trading session. Based on the official Logam Mulia website, the Antam gold price for 1 gram is now at Rp 2,819,000 per gram, down from the previous Rp 2,839,000 per gram. At Pegadaian, the Galeri 24 gold price for 1 gram on Monday (11/5/2026) fell by Rp 17,000 to Rp 2,819,000 per gram from the previous Rp 2,836,000. The Antam gold price at Pegadaian for 1 gram dropped by Rp 35,000 to Rp 2,918,000 per gram from the previous Rp 2,953,000 per gram. Meanwhile, the UBS gold price for 1 gram also fell by Rp 17,000 to Rp 2,874,000 per gram from the previous Rp 2,891,000. Citing Reuters, on Monday (11/5/2026), spot gold prices fell 0.6 percent to $4,684.32 per ounce. Meanwhile, US gold futures for June delivery weakened 0.8 percent to $4,692.70 per ounce. The weakening of gold prices was also influenced by the strengthening of the US dollar, which makes precious metals more expensive for holders of other currencies. On the other hand, the stalemate in US-Iran peace negotiations triggered a more than 3 percent surge in global oil prices as the Strait of Hormuz remains largely closed, keeping global energy supplies tight. Head of Market Analysis at KCM Trade, Tim Waterer, said the market is now starting to reduce expectations of reaching a peace agreement in the near term. “Essentially, we are seeing fading hopes of achieving a peace agreement in the near term, and gold is being pressured by the renewed rise in crude oil prices,” he stated. According to Waterer, gold prices still have the potential to move within a high range as long as there is no definitive peace agreement between the US and Iran. In the short to medium term, the $4,400 to $4,800 per ounce range is considered strong as long as the situation remains at the ceasefire stage without a permanent peace agreement.