Jakarta. Antam gold prices rebounded sharply on Monday, rising Rp 27,000 to Rp 2,515,000 ($150.22) per gram, after slipping Rp 16,000 to Rp 2,488,000 over the weekend, data from Logam Mulia showed.

The precious metal remains below its all-time high of Rp 2,605,000 per gram, set on Dec. 27, 2025. Antam’s buyback price also climbed Rp 25,000 on Monday to Rp 2,371,000 per gram.

Antam Gold Price (Monday, Jan. 03):

• 0,5 gram: Rp 1,307,500
• 1 gram: Rp 2,515,000
• 2 gram: Rp 4,970,000
• 3 gram: Rp 7,430,000
• 5 gram: Rp 12,350,000
• 10 gram: Rp 24,645,000
• 25 gram: Rp 61,487,000
• 50 gram: Rp 122,895,000
• 100 gram: Rp 245,712,000
• 250 gram: Rp 614,015,000
• 500 gram Rp 1,227,820,000

On the international market, spot gold surged to $4,405.76 per ounce, up 73.40 points or 1.70%, as of 12:03 a.m. New York time on Jan. 5, according to goldprice.org.

Andy Nugraha, an analyst at Dupoin Futures Indonesia, said gold’s bullish trend still has room to run as long as buying pressure holds. In his base scenario, prices are projected to test the psychologically important $4,600 level this week, provided they stay above key support and buying interest remains strong.

Market sentiment data show about 61% of traders are holding long positions, while 39% are short, reflecting broadly optimistic retail sentiment. However, the sizable short positioning could fuel heightened volatility if prices break out decisively.

Andy cautioned that downside risks remain. A reversal below $4,139 could intensify selling pressure and open room for a correction toward $4,025 within a week.

Fundamentally, gold continues to draw support from global macroeconomic uncertainty and expectations around US monetary policy. Speculation that the Federal Reserve may still cut interest rates in 2026 has bolstered demand, even as relatively solid US economic data could delay easing.

Gold has also shown resilience after year-end profit-taking, rebounding from its lowest level in two weeks as investors used the dip to accumulate. Andy said the outlook will hinge on whether prices can hold above key support levels, noting that while the door to fresh record highs remains open, short-term volatility is likely to stay elevated.