Gotrade News - Antam gold bar prices rose Rp 7,000 to Rp 2,857,000 per gram on Thursday (04/10), extending gains amid escalating global geopolitical tensions. The buyback price also jumped Rp 14,000 per gram, reflecting strong physical gold demand in the domestic market.
In international markets, gold held at $4,742 per troy ounce during Wednesday (04/09) trading. This represents the highest level in two weeks, though still 13% below the 52-week record of $5,477 per ounce.
Key Takeaways:
- Antam gold rose Rp 7,000 to Rp 2,857,000 per gram on Thursday (04/10), buyback price up Rp 14,000
- Global gold holds at $4,742 per troy ounce, a two-week high driven by safe haven demand
- Hormuz tensions and the fragile US-Iran ceasefire are the primary catalysts for gold's strength
Safe Haven Demand Drives Gold Higher
Gold's rally is driven by increasing safe haven demand amid global geopolitical uncertainty. Iran's re-closure of the Strait of Hormuz and the fragile US-Iran ceasefire have pushed investors toward gold as a hedge.
Global gold has risen over 25% since early 2025, reflecting a strong long-term trend. Investors seeking gold exposure through equities can consider the SPDR Gold Shares ETF (GLD), which tracks physical gold prices directly.
Beyond geopolitics, dollar weakness against several major currencies has also supported gold prices. Gold priced in dollars becomes relatively cheaper for international buyers when the greenback weakens.
Antam Gold and Domestic Market Conditions
Thursday's Rp 7,000 increase extends a positive trend throughout the week for Antam gold. While still far from the all-time record of Rp 3,168,000 per gram set on January 29, 2026, current prices remain historically elevated.
The Rp 14,000 per gram increase in buyback price indicates a widening spread between buy and sell prices. Physical gold investors should factor this spread into return calculations, especially for short-term positions.
Global gold miners like Newmont (NEM), the world's largest gold producer, typically post strong performance when gold prices rise. Higher gold prices expand mining margins as production costs remain relatively fixed.
Outlook and Gold Investment Strategy
Gold's short-term outlook depends heavily on US-Iran negotiations in Islamabad on Friday (04/10). If talks fail and tensions escalate, gold could retest record levels above $5,000 per ounce.
The VanEck Gold Miners ETF (GDX) offers diversified exposure to gold mining companies for investors who prefer equity-based gold positions. This approach provides potential leverage to gold price movements compared to holding physical gold or gold-backed ETFs.
Optimal gold allocation in a portfolio typically ranges from 5-15% of total investment assets. Each gold investment vehicle, whether physical, ETFs, or mining stocks, carries different risk and liquidity profiles that should align with individual investment goals.
Sources:
