Gold Prices Today 2 March 2026: World Record US$5,361, Antam Soars to Rp3.1 Million
Global gold prices recorded a new historical record during Monday trading (2 March). According to spot market data at 07:23 WIB, gold prices soared 1.4% to reach US$5,361.9 per troy ounce. This represents the highest level in history, driven by gold’s status as a primary safe-haven asset amid the outbreak of open conflict between the US-Israel bloc and Iran.
The surge in global gold prices exerted considerable pressure on domestic precious metal prices. According to official Antam Logam Mulia (Precious Metals) data, bullion gold prices experienced a dramatic increase of Rp50,000 per gram compared to the previous day.
Meanwhile, Antam’s buyback or repurchase price also rose significantly to Rp2,914,000 per gram. Buyback transactions with nominal amounts exceeding Rp10 million are subject to 22% income tax (PPh 22) of 1.5% for NPWP holders in accordance with applicable tax regulations.
Several international financial institutions have begun revising their gold price targets. JP Morgan’s latest report projects gold could reach US$6,300 per troy ounce by the end of 2026 if geopolitical uncertainty and US fiscal deficits continue to deteriorate.
Domestic commodities analyst Ibrahim Assuaibi assessed that escalation in the Middle East involving missile strikes on strategic points has created market panic. “There are strong indications that if the war continues, global gold prices will test the US$5,500 level this week, which could push Antam gold prices into the range of Rp3.4 to Rp3.5 million per gram,” he stated.
Antam gold prices today, Monday 2 March 2026, jumped sharply by Rp50,000 to Rp3,135,000 per gram. During this period, Antam’s buyback price also increased significantly to Rp2,914,000 per gram.
At Pegadaian, UBS gold penetrated Rp3,167,000 per gram, whilst Galeri 24 rose to Rp3,130,000 per gram on the same date. The surge was predominantly driven by global geopolitical tensions and heightened demand for safe-haven assets.