Media Kampung – 24 Maret 2026 | Gold and silver prices rose on Monday, 23 March 2026 across Indonesian markets.
Antam’s 1‑gram gold price was listed at roughly Rp2.968.000, marking an increase from Rp2.893.000 recorded three days earlier.
Private brands UBS and Galeri24 also posted higher rates, with UBS near Rp2.950.000 per gram and Galeri24 close to Antam’s level.
Pegadaian reported a similar upward movement for its gold savings product, reflecting the broader market trend.
Silver followed the same direction, with Antam’s 1‑gram silver quoted at approximately Rp290.000.
The rise comes after a volatile week where global gold prices fell to USD 4,497‑5,000 per troy ounce before recovering.
Analysts attribute the rebound to heightened geopolitical tensions that increase demand for safe‑haven assets.
Domestic investors are also reacting to the Federal Reserve’s recent interest‑rate cut, which lowered the opportunity cost of holding non‑interest‑bearing gold.
The Fed decision, announced earlier in March, sparked expectations of further monetary easing, supporting precious‑metal prices.
Market data from Indogold and Pegadaian show gold’s year‑to‑date gain exceeding 30 percent compared with 2025 levels.
Such a gain positions gold as one of the few Indonesian commodities delivering strong returns this year.
Silver’s percentage increase is slightly lower but still notable, with a rise of about 12 percent since the start of the year.
Traders note that the price gap between Antam and private brands has narrowed, indicating tighter competition.
Investors view gold as a hedge against inflation and currency volatility, according to a senior analyst at a Jakarta brokerage.
The analyst added that the current price level remains attractive for both retail buyers and institutional players.
Retail activity has surged, especially in jewelry stores in Bandung and Jakarta, where customers purchase both bullion and ornamented pieces.
A seller at a Bandung jewelry shop reported daily sales of 200‑gram gold bars, up from 120 grams a week earlier.
Meanwhile, Pegadaian’s gold‑savings accounts saw a 15 percent rise in new enrollments over the past ten days.
The government’s gold‑promotion program, launched in late 2024, continues to encourage savings in physical gold.
Some experts warn that short‑term price spikes may be followed by correction if global risk appetite improves.
They point to the recent eight‑day decline in XAU/USD as evidence that the market remains sensitive to external shocks.
In the silver market, supply constraints from major mines have contributed to upward pressure on prices.
Indonesian silver producers have not increased output, keeping domestic availability limited.
Consumers looking to hedge may therefore turn to imported silver, which has also seen price hikes.
Overall, the combined rise in gold and silver reflects a broader shift toward tangible assets amid economic uncertainty.
Financial institutions advise investors to balance exposure, recommending a modest allocation to precious metals within diversified portfolios.
The market outlook for the remainder of 2026 remains cautiously optimistic, with analysts expecting steady demand.
Yet they caution that any rapid de‑escalation of geopolitical conflicts could temper the current rally.
For now, price movements are being closely monitored by both local traders and overseas observers.
The upward trend underscores the role of gold and silver as safe‑haven assets in Indonesia’s investment landscape.
Artikel ini dipublikasikan oleh Media Kampung.
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