Jakarta. Antam gold prices retreated sharply on Friday after hitting a fresh record a day earlier, even as global bullion prices eased amid profit-taking.

According to Logam Mulia, Antam’s one-gram gold bar fell Rp 48,000 on Friday to Rp 3,120,000 per gram, reversing part of Thursday’s surge that saw prices jump Rp 165,000 to an all-time high of Rp 3,168,000 per gram.

Despite the pullback, Antam gold remains firmly higher this year. Prices have climbed about 20% so far in 2026 from Rp 2,488,000 per gram at the start of January, underscoring the strength of the broader gold rally.

The buyback price also dropped on Friday, sliding Rp 50,000 to Rp 2,939,000 per gram.

Antam Gold Price (Friday, Jan. 30):

• 0,5 gram: Rp 1,610,000
• 1 gram: Rp 3,120,000
• 2 gram: Rp 6,180,000
• 3 gram: Rp 9,245,000
• 5 gram: Rp 15,375,000
• 10 gram: Rp 30,695,000
• 25 gram: Rp 76,612,000
• 50 gram: Rp 153,145,000
• 100 gram: Rp 306,212000
• 250 gram: Rp 765,265,000
• 500 gram Rp 1,530,320,000

Globally, spot gold prices softened on Friday. Data from goldprice.org showed spot gold at $5,237.82 per ounce as of 12:19 p.m. New York time, down $89.83, or 1.69%.

Still, the longer-term trend remains bullish. The World Gold Council said global gold demand rose 1% in 2025 to 5,002 metric tons, the highest level on record, as strong prices and safe-haven demand continued to underpin the market.

Quoted by Kitco, WGC senior market strategist John Reade said the key question this year is whether investment demand will remain strong enough to sustain gold’s momentum.

Gold prices have risen 22% so far in 2026, following a 64% surge in 2025, driven by geopolitical tensions and weakening confidence in the US dollar.

WGC also reported robust inflows into gold-backed exchange-traded funds, with ETFs absorbing 801 tons of gold in 2025. Demand for gold bars and coins jumped 16% to a 12-year high, while total investment demand surged 84% to a record 2,175 tons.

However, WGC warned that record-high prices could weigh on jewelry demand this year and slow central bank purchases to an estimated 850 tons, down from 863 tons in 2025, although still well above pre-2022 levels.

After years of strong price gains and heavy central bank buying, WGC noted that gold’s share of global foreign exchange reserves is now approaching levels last seen in the early 1990s, pointing to a period of more concentrated holdings and potentially fewer incentives to increase exposure further.