Gold Stays in Super Bullish Phase, Antam Near Peak
Jakarta. Gold prices at Aneka Tambang (Antam) rebounded on Friday, climbing Rp 13,000 to Rp 2,589,000 ($154.64) per gram, edging closer to the all-time high set earlier this week.
Data from Logam Mulia showed Antam gold had slipped Rp 14,000 on Thursday to Rp 2,576,000 per gram, after surging Rp 29,000 on Wednesday to a record Rp 2,590,000 per gram.
The buyback price also rose Rp 13,000 on Friday to Rp 2,448,000 per gram.
Antam Gold Price (Friday, Dec. 26):
- 0,5 gram: Rp 1,344,500
- 1 gram: Rp 2,589,000
- 2 gram: Rp 5,118,000
- 3 gram: Rp 7,652,000
- 5 gram: Rp 12,720,000
- 10 gram: Rp 25,385,000
- 25 gram: Rp 63,337,000
- 50 gram: Rp 126,595,000
- 100 gram: Rp 253,112,000
- 250 gram: Rp 632,515,000
- 500 gram Rp 1,264,820,000
On the global market, gold prices continued to strengthen. As of Dec. 26 at 12:57 a.m. New York time, spot gold stood at $4,511.34 per troy ounce, up 32.14 points or 0.72%, according to goldprice.org. Prices previously touched an all-time high of $4,525 per ounce, before easing 0.19% to $4,479 on Wednesday.
Pilarmas Investindo Sekuritas said gold remains in a “super bullish” phase through 2026, projecting prices could reach $5,050 per troy ounce in the second half of next year.
The brokerage expects gold to benefit from persistent global uncertainty and a shift toward looser monetary policy, with the US Federal Reserve seen cutting rates one to two more times next year. Lower interest rates reduce the opportunity cost of holding non-yielding assets such as gold, boosting its appeal as a hedge and portfolio diversifier.
Pilarmas also forecasts continued strong gold purchases by central banks in 2026, driven by reserve diversification and efforts to reduce reliance on the US dollar, particularly among emerging economies facing geopolitical risks.
Still, the brokerage cautioned that short-term corrections remain possible due to profit-taking and shifts in market sentiment, even as gold’s role as a safe haven and inflation hedge is expected to grow more relevant next year.
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