Gotrade News - Indonesia's Antam gold price climbed Rp 25,000 to Rp 2,789,000 per gram on Tuesday, May 19. The buyback rate also rose Rp 25,000 to Rp 2,594,000 per gram across Antam retail outlets.
The move signals firm Asian retail demand for bullion despite mixed global cues. US gold miners and bullion ETFs often track these regional consumer benchmarks closely.
Key Takeaways
- Antam gold sell price rose Rp 25,000 to Rp 2,789,000 per gram on May 19.
- Buyback climbed to Rp 2,594,000, while rival Galeri24 slipped to Rp 2,756,000 per gram.
- Rising bond yields and Iran oil tensions are shaping the global gold outlook.
According to Kumparan Bisnis, Antam's sell price reached Rp 2,789,000 per gram on Tuesday. The buyback rate increased by the same Rp 25,000, settling at Rp 2,594,000 per gram.
Rival refiner Galeri24 moved in the opposite direction during the same session. Its retail price dropped to Rp 2,756,000 per gram, widening the spread between the two benchmarks.
Antam is the state-owned refiner under publicly listed miner PT Aneka Tambang. Its daily quote is the most-watched consumer gold benchmark across Indonesia's retail market.
Price Ladder And Recent Highs
As reported by Liputan6, the one-gram bar rose from Rp 2,764,000 the prior day. Larger bars also stepped up across the standard retail ladder.
The 10-gram bar was quoted at Rp 27,385,000, while the 100-gram bar reached Rp 273,112,000. The one-kilogram bar carried a retail tag of Rp 2,729,600,000.
The current level still sits below the all-time high of Rp 3,168,000 per gram. That peak was set on January 29, 2026, before a multi-month consolidation phase.
Global Drivers And US Stock Read-Across
Rising US Treasury yields have pressured non-yielding bullion in recent sessions. Elevated oil prices linked to Iran tensions are adding a competing safe-haven bid for investors.
A softer US dollar has cushioned the downside for gold priced in foreign currencies. That dynamic supports Asian retail demand, including Indonesia's benchmark Antam quotes.
Per Liputan6, J.P. Morgan trimmed its 2026 gold forecast to USD 5,243 per troy ounce. The bank previously projected USD 5,708, citing a more measured trajectory ahead.
For US-listed exposure, traders often watch the Gold ETF (GLD) as a direct bullion proxy. Producer-side flows tend to concentrate in the VanEck Gold Miners ETF (GDX) basket.
Among single names, Newmont (NEM) is the largest pure-play producer by market value. Margins for senior miners typically expand when spot gold prints firmer regional benchmarks.
The Antam move suggests Asian physical demand remains resilient into mid-2026. Investors will watch yields, oil, and dollar moves for the next directional cue.
