Jakarta. Gold prices extended their rally on Friday, with Antam bullion jumping sharply in line with firm global prices.

Antam’s gold price surged Rp 28,000 to Rp 2,944,000 ($174.36) per gram on Feb. 20, following a Rp 4,000 increase a day earlier to Rp 2,916,000.

So far in 2026, Antam gold has climbed about 18%. At the start of the year on Jan. 1, it was priced at Rp 2,488,000 per gram. The all-time high remains Rp 3,168,000 per gram, recorded on Jan. 29, 2026.

The buyback price also rose significantly to Rp 2,725,000 per gram on Friday.

Antam Gold Price (Friday, Feb. 20):

• 0,5 gram: Rp 1,522,000
• 1 gram: Rp 2,944,000
• 2 gram: Rp 5,828,000
• 3 gram: Rp 8,717,000
• 5 gram: Rp 14,495,000
• 10 gram: Rp 28,935,000
• 25 gram: Rp 72,212,000
• 50 gram: Rp 144,345,000
• 100 gram: Rp 288,612,000
• 250 gram: Rp 721,265,000
• 500 gram Rp 1,442,320,000

Globally, gold prices strengthened on Thursday as investors weighed escalating geopolitical tensions between the United States and Iran while bracing for key inflation data that could shape the interest rate outlook.

Spot gold gained 0.39% to $4,996.53 per troy ounce, while US gold futures for April delivery edged up 0.11% to $5,014.8 per troy ounce.

Tensions flared after US President Donald Trump urged Iran to swiftly reach an agreement over its nuclear program, warning of “serious consequences” if no deal is reached and signaling a roughly 10-day deadline before potential US action.

Such geopolitical uncertainty typically supports gold, which is widely viewed as a safe-haven asset during periods of global instability.

Meanwhile, minutes from the Federal Reserve’s Jan. 27–28 policy meeting revealed differing views among policymakers. Some officials signaled openness to further rate hikes if inflation persists, while others backed rate cuts should price pressures ease.

Recent US economic data also pointed to labor market resilience. Weekly jobless claims fell to 206,000 for the week ended Feb. 14, well below market expectations of 225,000, reinforcing signals of a still-strong employment backdrop following a solid monthly jobs report.

Investors are now awaiting the release of the Personal Consumption Expenditures (PCE) Price Index on Friday, the Fed’s preferred inflation gauge for guiding monetary policy decisions.

According to CME Group’s FedWatch Tool projections, market participants expect the first Federal Reserve rate cut this year could materialize in June 2026. A lower interest rate environment is generally supportive for gold, as the metal does not offer yield.

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