According to data from the official Logam Mulia website, the 1-gram gold bar is now pegged at IDR 2,946,000.
This figure reflects a significant hike of IDR 102,000 compared to Tuesday's position, where prices had tumbled to IDR 2,844,000 per gram.
For those looking to cash out their holdings, the buyback price—the price at which Antam buys back your gold—has also seen a positive adjustment.
Antam set the buyback price at IDR 2,710,000 per gram, up IDR 86,000 from the previous day.
Global Sentiment and Price Breakdown
This price movement signals the domestic market's rapid response to the recovery of gold prices in the international spot market.
Citing a report from CNBC Indonesia, global gold prices in the spot market strengthened by 0.24% to US$ 4,950.39 per troy ounce this morning.
Previously, global gold had recorded a daily gain of 5.86% at the close of trading on Tuesday (Feb 3).
Data from Liputan6 notes that Antam gold had briefly touched an all-time high of IDR 3,168,000 in late January.
Below is the complete list of Antam gold prices for Jakarta (Pulogadung Expedition) delivery based on the latest data.
Gold Weight
Base Price
0.5 gram
IDR 1.523.000
1 gram
IDR 2.946.000
2 gram
IDR 5.832.000
3 gram
IDR 8.723.000
5 gram
IDR 14.505.000
10 gram
IDR 28.955.000
25 gram
IDR 72.262.000
50 gram
IDR 144.445.000
100 gram
IDR 288.812.000
250 gram
IDR 721.765.000
500 gram
IDR 1.443.320.000
1.000 gram
IDR 2.886.600.000
Profit from Gold Volatility Without the Physical Metal
Seeing gold prices jump IDR 100k today only to potentially nosedive tomorrow, holding physical metal can sometimes leave you stuck with a wide buy-sell spread.
However, high volatility like this is actually a golden opportunity for savvy traders to leverage Gold ETF Options like GDX.
You don't need to stress over whether gold will moon or crash tomorrow because you can aim for gains in both directions with Call or Put strategies.
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