Jakarta. Antam’s gold prices surged sharply on Friday, reclaiming fresh record territory after a brief pullback a day earlier.

Data from Logam Mulia showed Antam bullion jumping Rp 90,000 to Rp 2.88 million ($171.14) per gram, marking a new all-time high. The rebound followed Thursday’s decline of Rp 15,000, which had dragged prices down to Rp 2.79 million per gram.

Earlier in the week, on Tuesday (Jan. 20), Antam gold had already logged a cumulative gain of Rp 68,000 to Rp 2.805 million per gram, the previous record high before Friday’s latest rally.

Antam’s buyback price also climbed steeply on Friday, rising Rp 80,000 to Rp 2.715 million per gram.

Antam Gold Price (Friday, Jan. 23):

• 0,5 gram: Rp 1,490,000
• 1 gram: Rp 2,880,000
• 2 gram: Rp 5,700,000
• 3 gram: Rp 8,525,000
• 5 gram: Rp 14,175,000
• 10 gram: Rp 28,295,000
• 25 gram: Rp 70,612,000
• 50 gram: Rp 141,145,000
• 100 gram: Rp 282,212,000
• 250 gram: Rp 705,265,000
• 500 gram Rp 1,410,320,000

The domestic rally tracked another historic move in global markets. World gold prices broke above $4,900 per troy ounce on Thursday, setting a new all-time high amid escalating geopolitical tensions, a weakening US dollar, and strong expectations of interest rate cuts by the Federal Reserve.

Spot gold stood at $4,943.76 per ounce as of 10:22 p.m. New York time, up $109.39 or 2.26%, according to goldprice.org.

Market sentiment was further rattled after US President Donald Trump said Washington had secured full and permanent access to Greenland through an agreement with NATO. While details of the deal remain unclear, and Denmark has reiterated that Greenland’s sovereignty is non-negotiable, the remarks were enough to inject fresh uncertainty into global markets.

On the economic front, the latest US Personal Consumption Expenditures (PCE) data showed consumer spending remained solid over the past two months. Even so, markets continue to price in two benchmark rate cuts of 25 bps each in the second half of 2026.

Expectations of lower interest rates have reinforced gold’s appeal as a non-yielding asset, helping push prices to unprecedented levels both globally and at home.