Gold Prices Drop Sharply on Stronger Dollar, Fed Cut Hopes Fade
Jakarta. Antam’s gold price tumbled on Tuesday, losing Rp 29,000 to Rp 2,322,000 per gram, reversing Monday’s slight rebound.
Data from Logam Mulia showed the benchmark gold price climbed Rp 3,000 a day earlier to Rp 2,351,000 per gram. Antam’s all-time high stands at Rp 2,487,000 per gram, recorded on October 21, 2025.
The buyback rate also fell sharply, down Rp 29,000 to Rp 2,183,000 per gram on Tuesday.
Antam Gold Price (Tuesday, Nov. 18):
- 0,5 gram: Rp 1,211,000
- 1 gram: Rp 2,322,000
- 2 gram: Rp 4,584,000
- 3 gram: Rp 6,851,000
- 5 gram: Rp 11,385,000
- 10 gram: Rp 22,715,000
- 25 gram: Rp 56,662,000
- 50 gram: Rp 113,245,000
- 100 gram: Rp 226,412,000
- 250 gram: Rp 565,765,000
- 500 gram Rp 1,131,320,000
- 1.000 gram: Rp 2,262,600,000
On the global market, gold extended its four-session decline on Tuesday.
Goldprice.org data showed the metal at $4,018.99 per ounce as of Nov. 17 at 10:46 p.m. NY time, down 61.79 points or 1.55 percent. The slide came as the US dollar strengthened and market expectations for a December Fed rate cut faded.
Hawkish comments from Fed Vice Chair Philip Jefferson, who said the central bank must “move cautiously” on rate reductions, further dampened appetite for non-yielding assets such as gold. Investors now await key US data this week, including September non-farm payrolls due Thursday, to gauge the health of the world’s largest economy.
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