Jakarta. Gold issued by state miner Aneka Tambang, or Antam, climbed sharply on Monday, extending gains seen over the weekend as global prices strengthened.

Data from Logam Mulia showed the price of Antam bullion jumped Rp 16,000 to Rp 3,028,000 ($180.02) per gram. On Saturday, the precious metal had already surged Rp 68,000 to Rp 3,012,000 per gram.

Since the start of 2026, Antam gold has advanced roughly 21%. As of Jan. 1, the price stood at Rp 2,488,000 per gram. The all-time high remains at Rp 3,168,000 per gram, recorded on Jan. 29, 2026.

The buyback price also rose on Monday, gaining Rp 20,000 to Rp 2,813,000 per gram.Antam Gold Price (Monday, Feb. 23):

• 0,5 gram: Rp 1,564,000
• 1 gram: Rp 3,028,000
• 2 gram: Rp 5,996,000
• 3 gram: Rp 8,969,000
• 5 gram: Rp 14,915,000
• 10 gram: Rp 29,775,000
• 25 gram: Rp 74,312,000
• 50 gram: Rp 148,545,000
• 100 gram: Rp 297,012,000
• 250 gram: Rp 742,265,000
• 500 gram Rp 1,484,320,000

Globally, gold traded above $5,100 per troy ounce, supported by a softer US dollar and renewed demand for safe-haven assets amid uncertainty surrounding US tariff policy.

According to Bloomberg data, spot gold price per ounce was stood at $5,169.22 rose 61.77 points or 1.21% as of Feb. 22, 2026 at 10:40 p.m. New York time.

Pressure on the dollar intensified after the US Supreme Court ruled that President Donald Trump’s reciprocal tariff policy was unlawful. In response, Trump announced a 15% global tariff set to take effect Tuesday, invoking Section 122 authority that grants him 150 days to formulate further measures.

David Scutt, market analyst at Forex.com, said the latest developments had revived investor appetite for gold.

He assessed that as long as gold holds above $5,100 per troy ounce, the short-term bias remains positive, with the breakout opening room for further upside despite near-term technical correction risks.

Scutt also noted that potential gaps in US government revenue following tariff adjustments could heighten concerns over fiscal sustainability and the outlook for the dollar, providing additional support for dollar-denominated gold.

From a technical perspective, he viewed the move above $5,100 per ounce as a decisive breakout from a prolonged consolidation phase after the sharp sell-off in late January and early February, when heavy liquidation forced speculative positions to unwind.

According to Scutt, the $5,100 level now serves as a crucial area for market participants, functioning both as a defensive zone for buyers and a protective threshold for new long positions.

However, he cautioned that short-term indicators suggest overbought conditions. On the four-hour chart, prices are trading above the upper Bollinger Band, while the RSI (14) has entered overbought territory despite strengthening momentum. The MACD has also crossed above its signal line into positive territory.

He added that a more sustainable scenario would involve a limited pullback before the rally resumes, ideally with prices retracing toward $5,100 to test the strength of the breakout. If that level holds, the path toward the next resistance levels would become clearer.

Scutt concluded that a sustained move above that zone could open the way for gold to retest its all-time high of $5,598 and extend its medium-term bullish trend. Conversely, a break and consolidation below $5,100 would invalidate the bullish bias and increase the risk of a decline toward February lows.