Gold Extends Gains as Global Prices Approach Weekly High
Jakarta. Retail gold prices from Aneka Tambang advanced on Thursday, tracking stronger global bullion as investors bet on a near-term US rate cut.
Antam’s benchmark 1-gram bar rose Rp 9,000 to Rp 2.387 million ($143.51) per gram. The metal last hit its all-time high of Rp 2.734 million on October 17, 2025.
Buyback prices also climbed Rp 9,000 to Rp 2.248 million per gram.
Antam Gold Price (Thursday, Nov. 27):
- 0,5 gram: Rp 1,243,500
- 1 gram: Rp 2,387,000
- 2 gram: Rp 4,714,000
- 3 gram: Rp 7,046,000
- 5 gram: Rp 11,710,000
- 10 gram: Rp 23,365,000
- 25 gram: Rp 58,287,000
- 50 gram: Rp 116,495,000
- 100 gram: Rp 232,912,000
- 250 gram: Rp 582,015,000
- 500 gram Rp 1,163,820,000
Global gold nearly touched a one-week high on Wednesday as expectations intensified that the Federal Reserve will cut rates next month, boosting demand for non-yielding assets.
Goldprice.org showed spot gold at $4,147.63, up 5.20 points (+0.13 percent) as of 9:53 p.m. New York time on Nov. 26.
Sentiment also strengthened on speculation that Washington may soon nominate a new Fed chair, with Kevin Hassett emerging as the leading candidate. Hassett has argued that interest rates remain too high under Jerome Powell, a view shared by former president Donald Trump, giving bullion another tailwind.
The CME FedWatch tool pegged the probability of a December rate cut at 83 percent, sharply higher than 30 percent a week earlier.
Fresh US data added nuance to the outlook. Initial jobless claims fell last week, indicating layoffs remain low, though job creation is still under pressure amid economic uncertainty. Consumer confidence weakened in November as Americans grew more cautious about employment prospects and household finances. Those releases followed a series of dovish remarks from Fed officials throughout the week.
Deutsche Bank has lifted its 2026 gold forecast to $4,450 per troy ounce from $4,000, citing resilient investment flows and strong central-bank demand.
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