Jakarta. Antam’s gold bar prices rebounded sharply on Wednesday, jumping Rp 102,000 to Rp 2,946,000 ($175.67) per gram, after suffering a steep correction a day earlier.

Data from the Logam Mulia website showed that Antam gold had plunged Rp 183,000 on Tuesday to Rp 2,844,000 per gram, marking one of its sharpest daily declines this year.

Despite the volatility, Antam gold remains firmly higher on a year-to-date basis. Since the start of 2026, prices have climbed 18%, up from Rp 2,488,000 per gram recorded on Jan. 1. The all-time high for Antam gold stands at Rp 3,168,000 per gram, reached on Jan. 29, 2026.

Antam’s buyback price also strengthened on Wednesday, rising Rp 86,000 to Rp 2,710,000 per gram.

Antam Gold Price (Wednesday, Feb. 04):

• 0,5 gram: Rp 1,523,000
• 1 gram: Rp 2,946,000
• 2 gram: Rp 5,832,000
• 3 gram: Rp 8,723,000
• 5 gram: Rp 14,505,000
• 10 gram: Rp 28,955,000
• 25 gram: Rp 72,262,000
• 50 gram: Rp 144,445,000
• 100 gram: Rp 288,812,000
• 250 gram: Rp 721,765,000
• 500 gram Rp 1,443,320,000

The rebound in domestic prices tracked a strong recovery in global precious metals markets. Gold and silver prices surged on Tuesday after heavy selling pressure at the end of last week, lifting mining stocks and precious metal-based investment products across major exchanges.

According to goldprice.org, spot gold prices jumped sharply on Tuesday. As of Feb. 3, 2026, at 10:56 a.m. New York time, gold was trading at $5,070.13 per ounce, up $436.25 or 9.41%, reflecting a swift rebound from recent losses.

The rally followed an abrupt collapse on Friday, when gold prices fell nearly 10% and silver plunged as much as 30% in a single session, the steepest daily decline for silver since 1980. Investors have since been reassessing whether the drop signaled a structural shift in the market or was merely an exaggerated response to short-term pressures.

Mining entrepreneur Frank Giustra, quoted by Kitco, described last week’s sell-off as a liquidity-driven event rather than one caused by changes in underlying fundamentals. He argued that thin market conditions amplified the decline, particularly as Asian markets were closed at the time.

Giustra also pointed to high leverage, especially in silver, as a key factor behind the sharp fall. The volatility was followed by tighter trading conditions, with the CME Group raising margin requirements for gold and silver futures effective Feb. 2. Maintenance margins for speculative gold positions were increased to 8% from 6%, while silver margins were lifted more sharply to 15% from 11%, forcing traders to post more collateral.

He added that a correction had been inevitable after a rapid, near-parabolic run-up that pushed gold prices close to $5,000 per ounce, stressing that the long-term investment case for the metal remains intact despite the sharp pullback.