Jakarta. Gold prices closed under sustained pressure on Tuesday, with global bullion extending a sharp decline while domestic Antam prices held steady at elevated levels, reflecting diverging short-term dynamics between international and local markets.

Antam gold prices stood unchanged at Rp 2,843,000 ($167.76) per gram on Tuesday, after gaining Rp 50,000 in the previous session. Despite the pause, the precious metal has still climbed roughly 16% year-to-date, up from Rp 2,488,000 per gram at the start of January.

The benchmark, however, remains below its all-time high of Rp 3,168,000 per gram recorded on Jan. 29, 2026. Meanwhile, Antam’s buyback price fell sharply by Rp 80,000 to Rp 2,480,000 per gram.

Antam Gold Price (Tuesday, Mar. 24):

• 0,5 gram: Rp 1,471,500
• 1 gram: Rp 2,843,000
• 2 gram: Rp 5,626,000
• 3 gram: Rp 8,414,000
• 5 gram: Rp 13,990,000
• 10 gram: Rp 27,925,000
• 25 gram: Rp 69,687,000
• 50 gram: Rp 139,295,000
• 100 gram: Rp 278,512,000
• 250 gram: Rp 696,015,000
• 500 gram Rp 1,391,820,000

Globally, gold prices continued to weaken. Spot gold was last recorded at $4,343.02 per ounce, down 148.43 points or 3.30% as of late Monday in New York trading, according to goldprice.org.

Prices hovered near the $4,300 level on Tuesday, weighed down by escalating geopolitical tensions in the Middle East. Iran denied engaging in negotiations with the US, dismissing claims from President Donald Trump, while hostilities with Israel intensified and attacks on US-linked targets resumed.

Market uncertainty surrounding any potential diplomatic outcome, including the fate of the Strait of Hormuz, has kept inflation risks elevated, complicating the outlook for global monetary policy.

Gold’s earlier rebound proved short-lived after Trump delayed planned strikes on Iranian energy infrastructure and signaled possible talks, triggering brief optimism in financial markets.

Still, the broader trend remains negative. Gold has now declined for ten consecutive sessions, with prices pressured by a stronger US dollar and fading expectations of near-term rate cuts by the Federal Reserve.

A stronger greenback has made gold more expensive for holders of other currencies, dampening demand. At the same time, rising energy prices tied to geopolitical tensions have reinforced inflation concerns.

Analysts note that markets are increasingly pricing in a higher interest rate environment. Ilya Spivak, head of global macro at Tastylive, indicated that investors see the Iran conflict as inflationary, which in turn could push central banks toward a more hawkish stance, a combination that continues to weigh on gold prices.