Money

Antam Gold Price Hits All-Time High, Nears $118 per Gram Amid Global Surge

Rose Adams

The price of Antam’s Logam Mulia gold has skyrocketed again, setting a new record on Friday, April 11, 2025. At the LM Graha Dipta Pulo Gadung boutique, the price surged by IDR 43,000, reaching IDR 1,889,000 per gram—approximately $117.87 per gram based on current exchange rates.

This marks the highest gold price ever recorded by PT Aneka Tambang Tbk, surpassing the previous day’s record of IDR 1,846,000 per gram. Over the past three days alone, Antam gold has soared by IDR 135,000, reflecting a sharp upward trend in investor interest.

The buyback price—the rate at which customers can sell their gold back to the store—also saw a notable increase. As of today, it stands at IDR 1,739,000 per gram, or roughly $108.51, up by IDR 43,000 from the previous rate.

Global Gold Market Reaches Historic Milestone

This sharp increase in Antam’s gold price mirrors a broader trend in global markets. On Thursday, April 10, 2025, spot gold prices surged by 2.98%, closing at $3,173.92 per troy ounce. This figure marks the highest price in gold trading history, breaking previous records and signaling a strong bullish momentum.

The recent rally has now extended for three consecutive trading days, with the overall gain reaching 6.42%. Market analysts suggest it won’t be long before global gold prices reach $3,200 per troy ounce, fueled by geopolitical uncertainty, inflation concerns, and increasing demand for safe-haven assets.

What’s Driving the Surge?

Several key factors are behind the dramatic surge in gold prices, both locally and internationally. Ongoing global economic instability, rising tensions in geopolitical hotspots, and expectations of continued currency depreciation are prompting investors to shift toward more stable assets like gold.

Additionally, anticipation that central banks around the world may slow down or reverse interest rate hikes is also contributing to gold’s attractiveness. Lower interest rates tend to weaken fiat currencies and boost the appeal of precious metals.

In Indonesia, Antam gold remains one of the most popular investment instruments for individual buyers. With prices now nearing IDR 1.9 million per gram, or around $118, many are watching closely to see if the metal’s historic rise will continue—or if a correction is on the horizon.