Gold Slump Deepens on Friday: Antam Down Rp 40,000, Buyback Plunges
Jakarta. Gold prices extended losses on Friday, with Antam bullion tumbling sharply as global headwinds intensified, pulling domestic prices further away from January’s record high.
Antam gold dropped Rp 40,000 to Rp 2,810,000 ($165.93) per gram, reversing from a flat close a day earlier at Rp 2,850,000. The decline leaves prices well below the all-time high of Rp 3,168,000 per gram recorded on Jan. 29.
The buyback price fell even more steeply, plunging Rp 76,000 to Rp 2,414,000 per gram.
Antam Gold Price (Friday, Mar. 27):
- 0,5 gram: Rp 1,455,000
- 1 gram: Rp 2,810,000
- 2 gram: Rp 5,560,000
- 3 gram: Rp 8,315,000
- 5 gram: Rp 13,825,000
- 10 gram: Rp 27,595,000
- 25 gram: Rp 68,862,000
- 50 gram: Rp 137,645,000
- 100 gram: Rp 275,212,000
- 250 gram: Rp 687,765,000
- 500 gram Rp 1,375,320,000
The domestic sell-off tracked a sharp correction in global gold prices, which slipped below $4,400 per troy ounce during midday trading in the United States on Thursday.
Spot gold was last seen at $4,430.6 per ounce, down 122 points or 2.71% as of 10:57 p.m. New York time on Mar. 26.
April gold futures also declined by $101.40 to $4,452.10 per troy ounce.
Commodity analysts pointed to rising US Treasury yields and a stronger dollar index as key pressures on bullion, as investors reassessed inflation risks. Market participants are increasingly focused on persistent inflation concerns, which continue to shape expectations for monetary policy.
Inflation jitters intensified after the Federal Reserve Bank of New York signaled heightened stress in US corporate bond markets in March 2026. Its Corporate Bond Market Distress Index surged to the highest level since May 2025, indicating broader financial strain beyond high-yield debt.
Gold prices were further weighed down after Federal Reserve Governor Stephen Miran raised his end-2026 rate outlook by 50 basis points, citing disappointing inflation data since the central bank’s last projections in December. He indicated the adjustment was driven primarily by inflation trends rather than geopolitical factors, placing his rate outlook near a neutral stance.
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