Antam Gold Prices Expected to Rise as Global Gold Prices Continue to Climb

JAKARTA, Jakartaweekly.com—Antam gold prices are expected to strengthen next week amid rising global gold prices, driven by geopolitical developments and plans to resume shipping activity through the Strait of Hormuz. Antam gold prices are projected to trade around Rp2.55 million per gram, with resistance at Rp2.82 million per gram.

Ibrahim Assuabi, Director of PT Traze Andalan Futures, said spot gold prices are expected to trade between US$4,151 and US$4,492 per troy ounce next week.

“If we look at Monday (August 10, 2026), support is likely to be at US$4,279, while resistance is at US$4,405 per troy ounce. So, based on global gold price transactions on Monday, prices are likely to strengthen,” Ibrahim said in Jakarta on Sunday, August 9, 2026).

The rise in global gold prices has been partly driven by developments surrounding the Strait of Hormuz. Iran and Oman have discussed mechanisms to regulate shipping traffic through the strait and reached an understanding on the coordinates of the shipping route.

However, the two countries are still discussing the mechanism for managing the Strait of Hormuz and have yet to reach a final agreement. Iran has also continued attacks on vessels owned by the United Arab Emirates that had passed through the Strait of Hormuz before the agreement with Oman was reached.

In global markets, spot gold prices briefly jumped 4.44% to US$4,253.36 per troy ounce. Gold also climbed as high as US$4,264.93 per troy ounce, its highest level since June 18.

Gold prices are also being influenced by other geopolitical risks. President Donald Trump is still considering a ground operation, as the US administration believes air strikes alone may not be sufficient to achieve its objectives.

“This will increase tensions, although there has not been any major escalation so far,” Ibrahim said.

In Eastern Europe, Russia continues to launch long-range missile strikes against Kyiv, the capital of Ukraine. Meanwhile, markets are closely watching the Federal Reserve’s monetary policy outlook ahead of its interest rate decision in September 2026.

US economic data have also shown signs of weakness, particularly in the labor market. The US economy lost around 23,000 jobs, compared with expectations for an increase of approximately 85,000 new jobs. The development has led markets to expect the Federal Reserve to maintain its current interest rate stance.

However, Ibrahim said there is still a possibility of a shift in the Fed’s policy if oil prices decline and US inflation eases again.

Brent crude was trading at US$83.35 per barrel, while West Texas Intermediate (WTI) stood at US$78.18 per barrel. If oil prices continue to decline, investors could shift some of their funds into safe-haven assets such as gold.

Against this backdrop, Ibrahim said gold prices still have room to rise. If a deal is ultimately reached in the Middle East, global gold prices could potentially reach US$5,000 per troy ounce in the third quarter of 2026. Meanwhile, domestic gold bullion prices could rise above Rp3 million per gram.

Antam gold prices stood at Rp2.69 million per gram on Sunday, August 9, 2026. On Monday, Antam gold prices are expected to trade with support at Rp2.67 million and resistance at Rp2.71 million per gram.

Antam Gold Prices, Sunday, August 9, 2026

The smallest denomination, the 0.5-gram gold bar, is priced at Rp1,395,000. Meanwhile, the 5-gram bar is sold for Rp13,225,000, while the 10-gram bar is priced at Rp26,395,000.

For investors looking to purchase larger quantities, the 100-gram gold bar is available for Rp263,212,000, while the 1-kilogram bar is priced at Rp2,630,600,000.

In addition to its regular gold bullion products, Antam also offers several special-edition collections featuring exclusive designs and packaging. The Gift Series is priced at Rp1,465,000 for the 0.5-gram bar and Rp2,840,000 for the 1-gram bar.

The Kemerdekaan Edition is available in a 17-gram size for Rp47,978,000. The Batik Series III is priced at Rp27,400,000 for the 10-gram bar and Rp54,000,000 for the 20-gram bar.

Besides gold, Antam also markets fine silver bullion. The 250-gram silver bar is priced at Rp11,037,500, while the 500-gram bar sells for Rp21,275,000.

For the Silver Heritage Collection, the 31.1-gram piece is priced at Rp1,871,090, while the 186.6-gram edition is available for Rp10,105,126. The Kemerdekaan Edition is available in a 31.1-gram size for Rp2,726,668.

The following are Antam’s gold bullion prices as of Sunday, August 9, 2026:

Antam Gift Series Gold Prices

Antam Gold Seri Kemerdekaan

Antam Batik Series III Gold Prices