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Antam Gold Extends Rally as Global Market Sees Profit-Taking

Natasha Khairunisa, Indah Handayani
February 27, 2026 | 11:27 am
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An employee of the state-owned gold miner Antam shows fine gold bars in Jakarta. (B-Universe Photo)
An employee of the state-owned gold miner Antam shows fine gold bars in Jakarta. (B-Universe Photo)

Jakarta. Gold prices extended gains for a second straight day on Friday as Antam bullion climbed Rp 6,000 to Rp 3,045,000 ($181.57) per gram, approaching its record high despite global profit-taking in precious metals markets.

Data from the Logam Mulia website shows the increase follows Thursday’s Rp 16,000 jump, which pushed Antam gold to Rp 3,039,000 per gram.

So far in 2026, Antam gold prices have surged roughly 22%, compared with Rp 2,488,000 per gram recorded on Jan. 1. The all-time high remains Rp 3,168,000 per gram, reached on Jan. 29, 2026.

The buyback price, or the rate at which Antam repurchases gold from customers, also rose Rp 6,000 to Rp 2,824,000 per gram on Friday.

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Antam Gold Price (Friday, Feb. 27):

  • 0,5 gram: Rp 1,572,50
  • 1 gram: Rp 3,045,000
  • 2 gram: Rp 6,030,000
  • 3 gram: Rp 9,020,000
  • 5 gram: Rp 15,000,000
  • 10 gram: Rp 29,945,000
  • 25 gram: Rp 74,737,000
  • 50 gram: Rp 149,395,000
  • 100 gram: Rp 298,712,000
  • 250 gram: Rp 746,515,000
  • 500 gram Rp 1,492,820,000

Globally, gold and silver prices weakened on Thursday as traders locked in profits after recent rallies.

According to goldprice.org, spot gold stood at $5,187.16 per ounce, down 19.96 points or 0.38% as of Feb. 26 at 11:23 p.m. New York time.

Meanwhile, April gold futures fell $25.2 to around $5,191.3, while March silver dropped $4.238 to $86.81.

Jim Wyckoff, a commodity analyst at Kitco Metals, said the declines reflected short-term profit-taking by futures traders after the recent rally had triggered a new short-term upward trend in prices.

The profit-taking coincided with the third round of nuclear talks between the United States and Iran in Geneva, just days before President Donald Trump’s deadline for a potential deal.

Both countries have been locked in months of tense negotiations over Iran’s nuclear activities, with Oman acting as mediator during talks at its embassy in Geneva, according to reports cited by Bloomberg.

Trump previously gave Iran a March 1–6 deadline to reach an agreement, warning of possible military action if negotiations fail, raising concerns of renewed conflict in the Middle East.

Precious metals also faced pressure as geopolitical tensions in Eastern Europe escalated, after Russia launched drone and missile attacks on Ukraine hours after Ukrainian President Volodymyr Zelenskiy and Trump discussed the next steps in peace negotiations.

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