Antam Gold Edges Lower While Global Bullion Holds Above $4,500 on Fed Signals
Jakarta. Antam gold prices slipped on Tuesday, erasing part of the previous session’s rebound as global bullion steadied near record levels amid a cautious US monetary outlook and persistent geopolitical tensions.
Bullion issued by Indonesia’s state miner fell by Rp 10,000 to Rp 2,807,000 per gram. The move followed sharp volatility a day earlier, when prices initially dropped Rp 30,000 in the morning before rebounding by the same margin in the afternoon to Rp 2,837,000 per gram.
Despite the recent pullback, Antam gold remains firmly in an uptrend, gaining around 13% year-to-date from Rp 2,488,000 per gram at the start of 2026. The all-time high stands at Rp 3,168,000 per gram, recorded on Jan. 29, 2026.
Antam Gold Price (Tuesday, Mar. 31):
- 0,5 gram: Rp 1,463,500
- 1 gram: Rp 2,827,000
- 2 gram: Rp 5,594,000
- 3 gram: Rp 8,366,000
- 5 gram: Rp 13,910,000
- 10 gram: Rp 27,765,000
- 25 gram: Rp 69,287,000
- 50 gram: Rp 138,495,000
- 100 gram: Rp 276,912,000
- 250 gram: Rp 692,015,000
- 500 gram Rp 1,383,820,000
Global gold prices held steady in Asian trading, hovering around $4,510 per ounce after gaining 0.4% in the previous session, according to Bloomberg data.
Market sentiment was shaped by remarks from US Federal Reserve Chair Jerome Powell, who signaled that long-term inflation expectations remain anchored despite rising geopolitical risks in the Middle East. He suggested the central bank is in no rush to tighten policy further, adopting a wait-and-see stance as it assesses evolving global conditions.
The more measured tone helped ease market concerns over aggressive rate hikes, which typically weigh on non-yielding assets like gold. As a result, investor demand for bullion remained resilient, supported by its role as a safe-haven asset during periods of uncertainty.
Gold continues to draw support from escalating tensions in key energy transit routes such as the Strait of Hormuz and the Red Sea, where disruptions could drive oil prices higher and reignite inflation pressures.
Still, bullion prices are caught in a delicate balance. While geopolitical risks and safe-haven demand push prices upward, expectations of stable US monetary policy are preventing excessive volatility or sharp rallies.
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