Gold Prices Weaken in Batam as Local Demand Increases
Gold prices in Batam, Riau Islands, experienced a decline on Saturday (28/3/2026) in line with adjustments in the national market. This situation has driven an increase in demand from residents who are taking advantage of the moment to purchase the precious metal, either as an investment or for jewellery.
The price drop is evident in bar gold products sold through Pegadaian. Referring to national prices, Antam bar gold is priced at around Rp2.909.000 per gram and Rp1.506.000 for the 0.5 gram size. Meanwhile, Galeri24 products are around Rp2.806.000 per gram, and UBS gold is about Rp2.819.000 per gram. All of these recorded a decrease compared to the previous day.
In addition to bar gold, jewellery gold prices at several gold shops in the Nagoya and Jodoh areas have also adjusted. For 24-karat jewellery gold, the reference price is in the range of Rp2.030.000 to Rp2.240.000 per gram. Meanwhile, 23-karat and 22-karat are around Rp1.875.000 and Rp1.793.000 per gram respectively, before adding making charges.
Jewellery gold with lower purity such as 17-karat is traded in the range of Rp1.482.000 to Rp1.590.000 per gram, while 10-karat is around Rp930.000 per gram. At the retail level, gold shops generally add making charges of around Rp60.000 to Rp150.000 per gram, depending on the design and level of complexity.
With these adjustments, the price of 22-karat jewellery in Batam this weekend is in the range of Rp1.85 million to Rp1.95 million per gram, while 17-karat jewellery is around Rp1.55 million to Rp1.65 million per gram.
A gold trader in the Nagoya area stated that the price decline has led to an increase in the number of buyers, especially at the weekend. Residents are considered to be taking advantage of this moment to add to their gold savings or buy jewellery for personal needs.
“When prices drop like this, buyers are usually busier, especially heading into the weekend. Many buy for investment, some for wearing,” said Nurman, an employee at Banda Baru Nagoya.
He added that bar gold such as Antam and Galeri24 remains the primary choice for long-term investment, while 22-karat and 17-karat jewellery is more popular for fashion needs and family events.
Business players suggest that the public continue to monitor daily gold price developments and compare prices at several shops before making a purchase. Transparency in base prices and making charges is considered important so that consumers get fair prices amid global market fluctuations.