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Gold Retreats Further, Antam Drops from Weekend Level

Indah Handayani
April 6, 2026 | 11:33 am
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Hands display Aneka Tambang (Antam) fine gold bars of various weights, packaged in sealed cards in an undated photo. (B-Universe Photo/Ruht Semiono)
Hands display Aneka Tambang (Antam) fine gold bars of various weights, packaged in sealed cards in an undated photo. (B-Universe Photo/Ruht Semiono)

Jakarta. Gold prices in Indonesia tumbled at the start of the week, tracking global weakness as a stronger US dollar and persistent high interest rate expectations continued to weigh on bullion.

Antam gold fell sharply by Rp 26,000 to Rp 2,831,000 per gram on Monday, down from Rp 2,857,000 recorded last Saturday. The decline comes despite the metal still posting a roughly 14% gain so far in 2026, compared to Rp 2,488,000 per gram at the beginning of the year.

The precious metal previously hit an all-time high of Rp 3,168,000 per gram on Jan. 29, 2026.

Meanwhile, the buyback price also dropped by Rp 27,000 to Rp 2,550,000 per gram.

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Antam Gold Price (Monday, Apr. 6):

  • 0,5 gram: Rp 1,465,500
  • 1 gram: Rp 2,831,000
  • 2 gram: Rp 5,602,000
  • 3 gram: Rp 8,378,000
  • 5 gram: Rp 13,930,000
  • 10 gram: Rp 27,805,000
  • 25 gram: Rp 69,387,000
  • 50 gram: Rp 138,695,000
  • 100 gram: Rp 277,312,000
  • 250 gram: Rp 693,015,000
  • 500 gram Rp 1,385,820,000

Globally, gold prices remained under pressure on Monday, slipping 0.56% to $4,651.68 per troy ounce, as investors favored the US dollar amid ongoing economic and geopolitical uncertainty.

Dupoin Futures analyst Geraldo Kofit noted that capital flows are currently tilting toward the dollar, which remains the primary safe-haven asset, limiting gold’s upside in the near term. He suggested that as long as the greenback stays on an upward trend, gold prices are likely to remain subdued.

Kofit also highlighted that the US Federal Reserve’s higher-for-longer interest rate stance continues to dampen gold’s appeal, as yield-bearing assets become more attractive compared to non-yielding instruments like gold.

In the short term, he expects gold to extend its decline toward around $4,550 per troy ounce, with a deeper drop to $4,480 possible if selling pressure persists. Any rebound, he added, is likely to be limited to the $4,600–$4,642 range.

Looking ahead, Kofit emphasized that gold price movements will remain highly dependent on global economic data and central bank policy signals. Until there is a shift in these underlying fundamentals, gold is expected to trade with a weakening bias and continued volatility, prompting investors to stay cautious and responsive to market developments.

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