Slight Decline in Gold Prices in Batam Leads Buyers to Adopt 'Wait and See' Approach

Gold prices in Batam City on Thursday (26/3/2026) saw a slight decline over the past few days, leading some residents to adopt a ‘wait and see’ attitude before making purchases.

Based on observations at several outlets such as Pegadaian and gold shops in the Tanjung area and shopping centres, the current price of 24-carat gold is in the range of Rp2.9 million to Rp3.05 million per gram.

This decline is not very significant, but it is enough to affect market psychology. Several buyers were seen visiting shops, but many chose to delay transactions.

One gold shop employee in the Tanjung Pantun area of Batam, Anwar, said the situation had been felt over the past few days.

‘The price has indeed dropped a little, but not too far yet. There are still buyers, but many are just looking around first, not buying straight away,’ he said on Thursday (26/3).

According to him, the unstable price conditions make people tend to wait for a more certain momentum.

‘Usually, when the price drops a little like this, people still wait. They’re afraid it might drop further, so they hold off for now,’ he added.

He explained that gold price movements in Batam follow national and global trends, so changes can happen quickly.

‘We here follow the central price. If the world price changes, Batam adjusts accordingly,’ he clarified.

On the other hand, consumers also admitted to holding back from buying gold. A Batam resident, Yanti (32), said she chose to wait for more stable prices.

‘I was actually about to buy, but seeing that the price could still drop further, it’s better to wait,’ she said.

Sunardi (40) expressed a similar view, opting to be cautious in buying gold at present.

‘If the difference is still small, I usually wait until it really drops or starts rising steadily. Right now, the direction is still unclear,’ he said.

Meanwhile, another consumer, Dani (28), said he routinely monitors price movements before deciding to buy.

‘I regularly check the prices. If it starts rising again later, I might buy before it gets more expensive,’ he stated.

Throughout March 2026, gold prices were recorded to have reached levels above Rp3.1 million per gram before experiencing a slight correction towards the end of the month.

Nevertheless, gold remains one of the investment instruments favoured by the public because it is considered relatively safe and stable in the long term.