Jakarta. Antam’s benchmark gold price slipped on Wednesday, falling Rp 13,000 to Rp 2,412,000 ($145.05) per gram, according to Logam Mulia.

The retreat came after the metal briefly climbed Rp 10,000 on Tuesday to Rp 2,425,000 per gram.

Antam’s all-time high stood at Rp 2,487,000 per gram, logged on October 21, 2025.

The company’s buyback rate also declined Rp 13,000 to Rp 2,273,000 per gram on Wednesday.

Antam Gold Price (Wednesday, Dec. 3):

• 0,5 gram: Rp 1,256,000
• 1 gram: Rp 2,412,000
• 2 gram: Rp 4,764,000
• 3 gram: Rp 7,121,000
• 5 gram: Rp 11,835,000
• 10 gram: Rp 23,615,000
• 25 gram: Rp 58,912,000
• 50 gram: Rp 117,745,000
• 100 gram: Rp 235,412,000
• 250 gram: Rp 588,265,000
• 500 gram Rp 1,176,320,000

Global bullion prices also softened. Gold fell on Tuesday as investors locked in profits after a six-week rally, with markets turning cautious ahead of next week’s Federal Reserve policy meeting.

Data from goldprice.org showed the metal at $4,225.57 per ounce as of 9:42 p.m. New York time (Dec. 2), down $15.88 or 0.37 percent.

Expectations of a 25-basis-point Fed rate cut gained momentum as US indicators signaled slowing economic activity and policymakers delivered dovish cues. Futures pricing showed an 89 percent chance of a cut at the upcoming meeting.

Traders were also awaiting the November ADP jobs report on Wednesday and the delayed September Personal Consumption Expenditures (PCE) reading, the Fed’s preferred inflation gauge, set for release on Friday. Lower interest rates typically boost gold’s appeal as the asset does not yield interest.

Global demand remained strong. The World Gold Council reported that central banks purchased 53 tons of gold in October, up 36 percent month-on-month and marking the largest monthly net addition since early 2025.