Jakarta. Gold prices extended their rally on Tuesday, hitting fresh records both domestically and globally as escalating geopolitical tensions pushed investors toward safe-haven assets.

Data from Logam Mulia showed Antam gold prices rose Rp 2,000 on Tuesday, Jan. 20, to Rp 2,705,000 ($159.49) per gram. T

he gain followed a sharp Rp 40,000 jump a day earlier, when prices settled at Rp 2,703,000 per gram, marking a new all-time high.

The previous record stood at Rp 2,675,000 per gram, recorded on Jan. 15, 2026. Antam’s buyback price also edged up Rp 1,000 on Tuesday to Rp 2,546,000 per gram.

Antam Gold Price (Tuesday, Jan. 20):

• 0,5 gram: Rp 1,402,500
• 1 gram: Rp 2,705,000
• 2 gram: Rp 5,350,000
• 3 gram: Rp 8,000,000
• 5 gram: Rp 13,300,000
• 10 gram: Rp 26,545,000
• 25 gram: Rp 66,237,000
• 50 gram: Rp 132,395,000
• 100 gram: Rp 264,712,000
• 250 gram: Rp 661,515,000
• 500 gram Rp 1,322,820,000

The domestic rally mirrored global markets, where gold prices also notched record highs on Monday amid rising demand for safe-haven assets.

According to goldprice.org, spot gold climbed to $4,680.49 per ounce, up 84.15 points or 1.83%, as of Jan. 19 at 10:14 p.m. New York time.

The surge followed renewed geopolitical concerns after US President Donald Trump threatened to impose additional tariffs on European countries amid tensions over Greenland. The remarks intensified uncertainty surrounding the future of the Danish Arctic territory and broader transatlantic relations.

Senior analyst at StoneX, Matt Simpson, said geopolitical tensions had once again given gold bulls a reason to push prices to new highs, as tariff threats linked to the Greenland issue were increasingly seen as credible and potentially destabilizing for Europe and NATO.

The tariff rhetoric weighed on US stock futures and the dollar, while boosting investor appetite for gold as markets shifted into a global risk-off mode. Gold, which offers no interest yield, typically benefits during periods of low interest rates and heightened economic and political uncertainty.