Indonesian Political, Business & Finance News

Gold Prospects Still Shining, This Issuer Stands to Benefit

| Source: CNBC Translated from Indonesian | Business
Gold Prospects Still Shining, This Issuer Stands to Benefit
Image: CNBC

Jakarta - The largest US financial services firm, JP Morgan, projects global gold prices will exceed US$6,000 per ounce by 2026. Quoting Yahoo Finance, this price projection is partly triggered by rising geopolitical tensions threatening global economic stability. Analysts at the financial institution explained that this surge is driven by gold’s status as a safe-haven asset, which is increasingly popular amid stock market fluctuations. They assess that gold’s price growth of up to 64% throughout 2025 provides a strong foundation for higher price increases in the coming period. Indeed, JP Morgan projects the gold price could reach US$6,300 per ounce due to increased central bank buying and global dependency. Investment experts emphasise that inflation remains the most significant driver for bullion price movements because of its limited supply. When the prices of goods and services increase drastically, the purchasing power of currency declines, so investors tend to shift their capital to gold assets. Investment interest in precious metals is also occurring in Indonesia, evidenced by PT Aneka Tambang Tbk (ANTM) recording striking performance with a profit of Rp7.92 trillion in the 2025 fiscal year. This achievement represents a 106% increase compared to the 2024 profit of Rp3.85 trillion. This profit growth aligns with the company’s revenue increase, which rose 22% to Rp84.64 trillion in 2025, compared to Rp69.19 trillion the previous year. This performance was primarily supported by the gold business, which contributed approximately 79% to the company’s total sales. ANTAM’s gold sales alone were recorded at Rp66.47 trillion throughout 2025, an increase of 15% compared to Rp57.56 trillion in 2024, underpinned by strong demand. This high gold demand has also prompted ANTAM to expand its precious metal product trading network through collaborations and strengthen the national gold ecosystem. Currently, ANTM provides physical gold and digital physical gold products for the public wanting to invest. This digital physical gold offers convenience as ownership and transactions can be accessed via mobile phones. For people wanting to invest in gold without the hassle of storing physical gold, ANTM also provides the BRANKAS (Berencana Aman Kelola Emas) product. BRANKAS is one of the digital physical gold product sales services provided by Antam. Furthermore, Indonesian gold, especially from ANTAM, is a global favourite. Crucially, Antam’s Indonesian gold holds a London Bullion Market Association (LBMA) 99.5% standard certificate. ‘Antam is 99.99%, above LBMA. We convey to the public that we need to be more diligent in educating. Because this is not just about money but also quality,’ explained PT Aneka Tambang Tbk (ANTM) Commercial Director Handi Sutanto. Regarding the gold price, Antam ensures it always refers to the global gold price. Concerning gold stock that the public may find difficult to obtain, it is confirmed there is no insider involvement. ‘We are far from that. This is a blessing. We urge the public to be careful investing, depending on short, medium, and long term. This is a gift for Antam, we continue to improve ourselves,’ Handi clarified.

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