Jakarta. The price of Aneka Tambang (Antam) gold climbed Rp 8,000 on Monday to Rp 2,307,000 ($138.41) per gram, following a smaller gain of Rp 3,000 over the weekend to Rp 2,299,000 per gram, according to data from Logam Mulia.

The buyback price, or Antam’s repurchase rate, also increased by Rp 8,000 to Rp 2,172,000 per gram.

Gold prices have been on an upward trajectory as central banks continue to boost their bullion reserves, with China increasing its holdings in October to 74.09 million troy ounces, up from 74.06 million a month earlier.

In the international market, the price of gold stood at $4,044.3 per ounce as of November 9 at 9:53 p.m. New York time, up 41.21 points or 1.03 percent, based on data from goldprice.org.

Traze Andalan Futures Director Ibrahim Assuaibi said the bullish momentum is likely to persist as central bank purchases continue, alongside U.S. government shutdown risks, rising US–China trade tensions, and geopolitical uncertainties in Europe.

“While global gold prices have seen corrections, central banks keep accumulating the metal as a hedge,” Ibrahim said in a statement Monday.

He projected the nearest support levels at $3,934 and $3,837 per troy ounce, with resistance levels at $4,063 and $4,133.

Antam Gold Price (Monday, Nov. 10):

• 0,5 gram: Rp 1,203,500
• 1 gram: Rp 2,307,000
• 2 gram: Rp 4,554,000
• 3 gram: Rp 6,806,000
• 5 gram: Rp 11,310,000
• 10 gram: Rp 22,565,000
• 25 gram: Rp 56,287,000
• 50 gram: Rp 112,495,000
• 100 gram: Rp 224,912,000
• 250 gram: Rp 562,015,000
• 500 gram: Rp 1,123,820,000
• 1.000 gram: Rp 2,247,600,000

Each gold transaction is subject to income tax as stipulated under Finance Ministry Regulation No. 34/PMK.010/2017. For buybacks above Rp 10 million, a final income tax of 1.5 percent applies to holders of tax identification numbers (NPWP), and 3 percent for non-holders.