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Antam Gold Extends Rally to Rp 2.92 Million

Indah Handayani, Ria Fortuna Wijaya
April 2, 2026 | 9:38 am
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A store assistant sets the gold rings display at a jewelry store in Semarang on March 2, 2026. (Antara Photo/Aprillio Akbar)
A store assistant sets the gold rings display at a jewelry store in Semarang on March 2, 2026. (Antara Photo/Aprillio Akbar)

Jakarta. Gold prices extended gains at the start of April, with Antam bullion rising again on Thursday as global uncertainty and safe-haven demand kept the precious metal supported.

Domestic gold prices climbed by Rp 20,000 to Rp 2,922,000 per gram on Thursday, building on Wednesday’s Rp 75,000 jump to Rp 2,902,000 per gram. So far this year, Antam gold has surged about 17% from Rp 2,488,000 per gram recorded on Jan. 1.

Despite the rally, prices remain below their all-time high of Rp 3,168,000 per gram reached on Jan. 29, 2026.

The buyback price also rose sharply by Rp 50,000 to Rp 2,637,000 per gram, reflecting stronger underlying demand.

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Antam Gold Price (Thursday, Apr. 2):

  • 0,5 gram: Rp 1,511,000
  • 1 gram: Rp 2,922,000
  • 2 gram: Rp 5,784,000
  • 3 gram: Rp 8,651,000
  • 5 gram: Rp 14,385,000
  • 10 gram: Rp 28,715,000
  • 25 gram: Rp 71,662,000
  • 50 gram: Rp 143,245,000
  • 100 gram: Rp 286,412,000
  • 250 gram: Rp 715,765,000
  • 500 gram Rp 1,431,320,000

On the global market, gold started the second quarter on firmer footing after posting its steepest monthly decline since the early 1980s, with prices rebounding above $4,700 an ounce.

Data from goldprice.org showed bullion at $4,688.05 as of late Tuesday in New York, up $39.44 or 0.85%.

As reported by Kitco, market analyst Avi Gilburt outlined two technical scenarios that could shape the next move in gold prices. He indicated that the metal may either face resistance near current levels and trend lower, or break above $4,800 an ounce and extend gains toward $5,200 before entering a deeper correction phase.

Gilburt’s projections suggest that, under certain conditions, gold could eventually move below $4,000 and approach $3,800 an ounce, implying a potential decline of roughly 20% from current levels. He also cautioned that a stronger rally could create the impression that the correction has ended, even if underlying risks remain.

Meanwhile, geopolitical uncertainty continues to influence sentiment. US President Donald Trump signaled that Washington’s strategic objectives in Iran were nearing completion, while warning that military operations could intensify over the next two to three weeks, a stance that has supported the US dollar.

According to Trading Economics, the greenback has recently strengthened as a safe-haven asset, putting pressure on dollar-denominated commodities such as gold.

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