Gold Prices Today, 20 March 2026, Drop Ahead of Eid al-Fitr

Gold prices today, 20 March 2026, particularly for 24-carat bullion at Pegadaian in Batam, have experienced a decline. This situation occurs ahead of the Eid al-Fitr momentum, which also affects public transaction patterns.

Based on data from Galeri 24, the price of 1 gram Antam gold has fallen to Rp3,047,000, while UBS is at Rp2,972,000.

Several employees in the Nagoya area of Batam have responded to this price drop with varied attitudes, but generally cautious. Rina (28), a retail employee, views this condition as an opportunity to buy.

“When it’s dropping like this, it’s actually good to buy a little at a time,” she said on Friday (20/3).

However, not a few choose to hold back. Andi (32), a hotel employee, said that needs ahead of Eid al-Fitr are more of a priority than investment.

“Now I’m more focused on daily needs first, especially with Eid coming,” he stated.

Similar sentiments were expressed by other workers who choose to wait for prices to drop further before buying gold. On the other hand, some employees still invest through instalment schemes to ease the purchase burden.

Seasonally, gold price declines in the domestic market often occur ahead of Eid al-Fitr. This is influenced by the increased cash needs of the public for mudik travel, shopping, and holiday requirements, so some choose to sell the gold they own.

At the same time, interest in buying gold also tends to decrease because spending priorities shift to consumption. This condition puts pressure on gold prices in the domestic market, including at Pegadaian.

Nevertheless, global factors such as US dollar movements, interest rates, and world economic conditions remain the main determinants of gold prices. The Eid momentum generally only impacts demand and supply dynamics in the local market. (H-4)

Jewellery gold prices for 24 carats are priced at Rp2,320,000 per gram. Meanwhile, for 5 carat purity, it is priced at Rp415,000 per gram.

A complete analysis of the reasons for today’s gold price drop. Sentiments from The Fed, US dollar strengthening, and profit-taking actions cause Antam gold to plummet.

Antam gold prices experienced a decline in trading on Monday, 14 April 2025. Today’s gold price was recorded at Rp1,896,000 per gram, down Rp8,000 from the previous Rp1,904,000 per gram.