Antam Gold Price Rises Rp4,000 to Rp2.565 Million per Gram

Antam's gold bar price rose Rp4,000 per gram on Friday, October 16, 2026, to Rp2,565,000 per gram. According to the official Logam Mulia website checked at 9:00 a.m. Jakarta time, the price climbed from the previous level of Rp2,561,000 per gram, viva.co.id reported.

The same increase was also recorded by RRI.co.id, Radar Pati, Tirto.id, bsinews.id, and FXStreet. All six outlets reported the same figure this morning, Rp2,565,000 per gram, which points to a shared reference source: Antam's official Logam Mulia website.

A Rebound After a Flat Stretch

Radar Pati's headline, "Akhirnya Menguat! Harga Emas Antam Naik Tipis Jadi Rp 2.565.000 per Gram" (Finally Up! Antam Gold Price Edges Higher to Rp 2,565,000 per Gram), framed the move as the price finally breaking out of a holding pattern.

In percentage terms, the Rp4,000 gain is small, roughly 0.16% from the prior level. Still, it was enough to push Antam's selling price to its new mark of Rp2,565,000 per gram, as recorded on the Logam Mulia site this morning.

How Antam's Gold Price Is Set

Antam sets its daily selling price for gold bars based on the international gold reference, converted into rupiah using the prevailing exchange rate. Because of that, Antam's price direction generally tracks international spot gold, though the exact percentage move in rupiah can differ from the dollar-denominated move in global markets.

That gap exists because two extra variables come into play: the rupiah's exchange rate against the US dollar, and the margin or production cost Antam applies on top. If the rupiah weakens at the same time global gold prices rise, Antam's rupiah price can jump more sharply than the dollar-based gain. Conversely, a stronger rupiah can soften Antam's price increase even when global gold is climbing.

Different Denominations, Different Per-Gram Prices

The Rp2,565,000 per gram figure serves as a general benchmark. In practice, the per-gram price can vary across denominations, since smaller bars like 0.5 gram or 1 gram are typically sold at a slightly higher per-gram price than larger ones like 50 grams or 100 grams. That gap exists because minting and packaging costs make up a larger share of the price on smaller units.

For retail investors, the most practical way to track the full price list across denominations is through the official logammulia.com website, which updates every morning once Antam releases its daily reference price.

A Note on Buyback Tax

Viva.co.id also touched on the tax rules that apply when investors sell their Antam gold back to the company through buyback. This matters for anyone planning to cash out, since the buyback tax affects the net profit from the gap between buying and selling prices.

Buyback tax rates can differ depending on whether the gold holder has a tax ID (NPWP), and the rates themselves can change depending on prevailing tax policy. The exact figures should be checked directly on the official Logam Mulia website before any transaction, rather than relying on numbers from a previous sale that may no longer apply.

Who Feels This Move Most

A price change like this affects different groups in different ways. Local gold shops and bullion dealers typically adjust their own selling prices as soon as Antam releases a new reference price, so consumers buying physical gold at a shop can see the adjustment within hours of this morning's release.

Pawnshops that accept gold as collateral also use Antam's reference price to calculate appraisal value. A gain like today's could slightly raise the loan amount available to a customer pawning gold today versus yesterday, though the effect is minor given the increase is only Rp4,000 per gram.

What It Means for Traders

A Rp4,000 per gram gain is small on a daily basis, but it is still a useful reference point for both physical gold holders and those trading gold derivatives like futures or digital gold. A few things worth watching over the coming days:

• Daily price updates on logammulia.com, since Antam only revises its reference price once a day and can jump sharply if overnight moves in global gold markets are large.
• The spread between the selling price and the buyback price, which determines the real cost of holding physical gold over the short term, especially for anyone planning to sell soon.
• The rupiah's exchange rate against the US dollar, since a weaker rupiah can push Antam's price higher even if dollar-denominated gold prices stay flat, and vice versa when the rupiah strengthens.
• US economic data releases that typically move global gold prices, such as inflation figures and Federal Reserve rate signals, whose effects usually show up in Antam's price the following day due to the adjustment lag.

Context for Physical Gold Investors

For investors who hold gold bars as a long-term hedge, a daily move of Rp4,000 per gram usually does not change much strategically. Physical gold is typically held for years, not traded daily like digital gold or futures contracts, whose prices shift by the second.

What matters more for this group is the trend over several months or quarters, not daily swings alone. Even so, a move like today's is still useful as a marker of when prices are turning higher after a flat stretch, particularly for those weighing whether to add to or trim their physical gold holdings in the near term.