Jakarta. Gold prices at state-owned miner Aneka Tambang rose again on Thursday, extending their recent rally.

Data from Antam’s Logam Mulia website showed the price of Antam gold climbed Rp 17,000 to Rp 2.48 million ($148.83) per gram.

The company’s all-time high remains Rp 2.73 million per gram, recorded on Oct. 17, 2025.

The buyback price also increased by Rp 17,000 to Rp 2.34 million per gram.

Antam Gold Price (Thursday, Dec. 18):

• 0,5 gram: Rp 1,293,500
• 1 gram: Rp 2,487,000
• 2 gram: Rp 4,914,000
• 3 gram: Rp 7,346,000
• 5 gram: Rp 12,120,000
• 10 gram: Rp 24,365,000
• 25 gram: Rp 60,787,000
• 50 gram: Rp 121,495,000
• 100 gram: Rp 242,912,000
• 250 gram: Rp 607,015,000
• 500 gram Rp 1,213,820,000

On the international market, gold prices stood at $4,332.3 per ounce, up 30.26 points or 0.70% as of Dec. 17, 2025, at 10:03 p.m. New York time, according to goldprice.org.

Market commentary cited by Kitco indicated that analysts at BMO Capital Markets expect gold to perform better in 2026. The outlook is supported by expectations of a softer US dollar, a more challenging US macroeconomic backdrop, and growing market anticipation of Federal Reserve rate cuts. The analysts assessed that potential easing next year could weigh further on the dollar, which they see as vulnerable amid rising global debt levels.

BMO analysts also view gold as entering a new phase driven by multiple demand factors, including de-dollarization trends. They noted that geopolitical de-dollarization has been fueled by countries seeking to reduce exposure to the US dollar due to sanctions risks or to lower reliance on the dollar-based trade system, with gold purchases often playing a central role. In parallel, hedging against de-dollarization has been underpinned by mounting concerns over currency debasement linked to expanding sovereign debt, a dynamic that continues to support long-term demand for the precious metal.