World Gold Prices Rise, Batam Jewellery Prices Follow Suit

World gold prices rose again on Thursday, 21 May 2026, impacting the price of gold jewellery in Batam. The rise in global gold prices pushed domestic gold prices higher, with Antam’s precious metal trading around Rp2,780,000 per gram. This trend has influenced jewellery prices at several gold shops and modern jewellery outlets in Batam. At The Palace Jeweller Mega Mall Batam, although there had been no Batam-specific real-time update yet, jewellery prices are expected to adjust in line with the national uptrend. For gold jewellery with karatage 17K–18K, current selling prices are estimated at around Rp1.9 million to Rp2.5 million per gram, depending on model, weight, and production costs. For 24 karat or pure gold, prices tend to approach Antam’s daily price. A staff member at The Palace Jeweller Mega Mall Batam, Aming, 30, said the price rise has been felt over the past few weeks in step with the global market movements. “Gold prices do adjust to daily market movements. When world gold prices rise, jewellery prices usually move accordingly,” he said on Thursday, 21 May. Despite the rise, public interest in buying gold remains fairly stable, especially for jewellery and long‑term savings. “Visitors are still crowded, especially as the weekend approaches. Many buy for investment as well as everyday wear,” he said. In Batam, the trend of rising gold prices has not deterred people from buying jewellery or precious metals. In addition to being accessories, gold is still considered a relatively safe investment instrument in the current unstable economy. One buyer, Cely, 28, from Batam Centre, said she still buys gold even when prices are high. She regards gold as a safe investment choice compared with other instruments. “If I buy gold for long-term savings. Although it’s expensive now, it usually can go up again in the future,” she said. Another buyer, Joni, 44, from Bengkong, said he deliberately buys gold jewellery for family savings. “Rather than letting money vanish on other things, it’s better to buy gold. Not only can it be worn, its value remains,” he said. In Batam, the trend of rising gold prices has not deterred demand for jewellery or precious metals. Gold is still seen as a relatively safe investment amid the currently unstable economy. For information, The Palace Jeweller Mega Mall Batam operates from 10:00 to 22:00 WIB and offers a range of gold jewellery from 9K to 24K. Price corrections range around Rp10,000–Rp20,000 per gram, following the weakening of world gold prices under pressure from a stronger US dollar. In Batam, 22 karat jewellery remains the main choice, followed by smaller gold bars considered more affordable. Buyers typically also ask for explanations about gold karat and price movements before deciding to transact.