Rising Interest in Gold Investment as BSI Manages 22.5 Tonnes of Gold via Bullion Bank

Jakarta — Public interest in gold investment continues to rise in recent times, as evidenced by the growth of bullion bank services being developed in Indonesia. PT Bank Syariah Indonesia (BSI) notes that, within a year of the bullion service launching in February 2025, the total gold under management by the company has reached 22.5 tonnes. The service is part of a government programme to strengthen national gold management.

BSI’s Chief Executive Anggoro Eko Cahyo said the bullion service is an important step in expanding the use of gold in the financial sector. “Bullion bank is one of the milestones for BSI in strengthening the ecosystem of the Islamic economy. We want to make gold not only a hedging instrument but also part of a more productive and inclusive financial system,” Anggoro said in a statement quoted on Sunday (8/3/2026).

The bullion bank programme began after the Otoritas Jasa Keuangan (OJK) granted licences to carry out bullion banking activities to BSI and Pegadaian in 2025. The initiative is also part of the government’s efforts to promote the use of gold as one of the investment instruments for the public.

As the service has developed, the number of customers using the gold service has also grown. BSI noted that the share of gold customers from Generation Z rose from 24 percent to 32 percent.

Overall, the number of BSI customers in 2025 rose by more than two million, surpassing 23 million customers. The growth in new customers partly came from the bullion bank service.