Antam Gold Surge

 

Antam Gold Price Forecast: Set to Break Rp 3 Million per Gram This Week

The price of Antam gold is projected to strengthen and potentially surpass the Rp 3,000,000 per gram level this week, driven by escalating geopolitical tensions in the Middle East.

According to Bloomberg data, global gold prices reached around $4,677 per troy ounce on Thursday (April 2, 2026). Meanwhile, based on the official Logam Mulia website, Antam gold was priced at Rp 2,857,000 per gram as of Sunday (April 5, 2026).

Currency and commodity analyst Ibrahim Assuaibi estimates the first support level for gold at $4,543 per troy ounce, with Antam gold support at Rp 2,827,000 per gram. If further correction occurs, the second support is expected at $4,358 per troy ounce and Rp 2,780,000 per gram for Antam gold.

On the upside, the first resistance level is projected at $4,878 per troy ounce, with Antam gold potentially reaching Rp 2,890,000 per gram. If bullish momentum continues, the second resistance could climb to $5,080 per troy ounce, pushing Antam gold to the key psychological level of Rp 3 million per gram.

“Gold prices, particularly Antam gold, are highly likely to break through Rp 3 million per gram next week,” Ibrahim stated.

The movement of gold prices is largely influenced by ongoing geopolitical developments, particularly in the Middle East. Reports suggest that Iran is preparing up to 2 million troops, including revolutionary guards and militia forces, in anticipation of potential ground attacks involving the United States and Israel.

“Geopolitical tensions in the Middle East and Ukraine will be the key drivers of gold prices in the coming week,” Ibrahim added.

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Antam Gold Drops

 

Antam Gold Price Drops Rp65,000 to Rp2,857,000 per Gram Today (April 3, 2026)

The price of Antam gold bars produced by PT Aneka Tambang Tbk fell sharply on Friday, April 3, 2026. According to official data from Logam Mulia, the Antam gold price dropped by Rp65,000 to Rp2,857,000 per gram.

This significant decline pushes gold prices further away from their all-time high of Rp3,168,000 per gram, recorded on January 29, 2026. Meanwhile, the buyback price also decreased by Rp60,000, falling from Rp2,637,000 to Rp2,577,000 per gram.

The price correction is seen across all gold bar sizes. The 0.5 gram Antam gold is now priced at Rp1,478,500, down from Rp1,511,000. The 2 gram size dropped to Rp5,654,000 from Rp5,784,000, while the 5 gram bar declined to Rp14,060,000 from Rp14,385,000.

For larger sizes, Antam gold is currently priced at Rp28,065,000 for 10 grams and Rp70,037,000 for 25 grams.

The drop in gold prices is largely influenced by global market sentiment. Concerns rose after US President Donald Trump stated that the United States would continue its attacks on Iran. This development has triggered inflation fears and strengthened the US dollar, ultimately putting pressure on gold prices.

Latest Antam Gold Prices (April 3, 2026)

• 0.5 gram: Rp1,478,500
• 1 gram: Rp2,857,000
• 2 grams: Rp5,654,000
• 5 grams: Rp14,060,000
• 10 grams: Rp28,065,000
• 25 grams: Rp70,037,000
• 50 grams: Rp139,995,000
• 100 grams: Rp279,912,000
• 250 grams: Rp699,515,000
• 500 grams: Rp1,398,820,000
• 1,000 grams: Rp2,797,600,000

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Gold ETF Diversification

Gold ETFs Seen as Emerging Diversification Option for Indonesia’s Insurance Industry

The Indonesian General Insurance Association (AAUI) has highlighted gold-based instruments as a promising diversification option for the insurance sector, particularly amid ongoing global financial market volatility.

According to AAUI Chairman Budi Herawan, the recent regulation introduced by the Financial Services Authority (OJK) on gold-backed Exchange Traded Funds (ETFs) in February 2026 could open the door to more structured investment alternatives.

The regulation, outlined in OJK Regulation (POJK) No. 2 of 2026, officially enables the issuance of gold-based ETF products in Indonesia’s capital market—marking a significant step toward expanding investment choices for institutional investors.

However, AAUI emphasized that any increase in gold allocation within insurance portfolios is likely to be gradual and selective rather than a major shift in the near term. For general insurers, gold is expected to serve as a complementary diversification tool rather than a core investment asset.

This cautious approach is driven by the need for insurance companies to align their investment strategies with claim obligations and liquidity requirements, ensuring quick access to funds when needed.

Currently, the investment portfolios of Indonesia’s general insurance industry remain dominated by highly liquid and relatively stable instruments. These include government bonds (SBN), time deposits, mutual funds, corporate bonds, and equities. In 2025, total industry investments reached IDR 131.44 trillion, with portfolio composition largely unchanged.

Data from OJK also shows that gold investments still represent a very small portion of the industry’s total assets. As of January 2026, gold holdings stood at approximately IDR 3.4 billion, accounting for just 0.0005% of total insurance investments.

Despite the low allocation, OJK’s Chief Executive of Insurance, Guarantee, and Pension Fund Supervision, Ogi Prastomiyono, stated that gold-based instruments—particularly ETFs—could become a viable diversification option going forward, provided that insurers continue to prioritize prudential principles and effective risk management.

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