Nine Gold Mining Share Emitters Shine Brightly Amid Israel-Iran Conflict

Jakarta, CNBC Indonesia - Global gold prices surged due to escalation of the United States-Iran conflict, prompting strengthening of several gold mining company shares on the Indonesia Stock Exchange.

On Monday, 2 March 2026 at 06:28 WIB, global gold prices rose 1.4% to US$ 5,360.49 per troy ounce. This marked the first time gold prices returned to the US$ 5,300 level since December 2025.

According to Refinitiv data, global gold prices had previously closed at US$ 5,277.29 or up 1.74% in Friday trading (27 February 2026). This level represented the highest in the past month or since 30 January 2026, whilst weekly gold prices recorded gains of 3.41%.

Following the surge in gold prices, several related mining company shares experienced significant increases in trading.

Gains in the gold sector shares were led by PT Hartadinata Abadi Tbk (HRTA), which jumped 5.56% to 3,420. Followed by PT Archi Indonesia Tbk (ARCI), which rose 5.32% to 1,980, and PT Bumi Resources Minerals Tbk (BRMS), which strengthened 5.15% to 1,020.

The following is a list of mining company shares that rose alongside the increase in gold prices:

• PT Bumi Resources Minerals Tbk (BRMS) rose 5.15% to 1,020

• PT Aneka Tambang Tbk (ANTM) rose 5.06% to 4,570

• PT Archi Indonesia Tbk (ARCI) rose 5.32% to 1,980

• PT Merdeka Gold Resources Tbk (ticker EMAS) rose 4.50% to 8,700

• PT Hartadinata Abadi Tbk (HRTA) rose 5.56% to 3,420

• PT J Resources Asia Pasifik Tbk (PSAB) rose 4.55% to 575

• PT Merdeka Copper Gold Tbk (MDKA) rose 4.00% to 3,900

• PT Amman Mineral Internasional Tbk (AMMN) rose 0.33% to 7,675

• PT United Tractors Tbk (UNTR) rose 0.79% to 28,825