Jakarta. Antam’s gold price saw a sharp correction on Tuesday, plunging Rp 183,000 to Rp 2,844,000 ($169.56) per gram, reversing part of the strong rally recorded a day earlier.

Data from Logam Mulia showed Antam gold had surged Rp 167,000 to Rp 3,027,000 per gram on Monday, before retreating sharply in the latest session.

Despite the pullback, Antam gold remains firmly higher this year. Prices have climbed 14% year-to-date, compared with Rp 2,488,000 per gram on Jan. 1.

 The domestic gold benchmark previously hit a record high of Rp 3,168,000 per gram on Jan. 29, 2026.

Meanwhile, the buyback price slipped Rp 9,000 to Rp 2,624,000 per gram on Feb. 3, 2026.

Antam Gold Price (Tuesday, Feb. 03):

• 0,5 gram: Rp 1,472,000
• 1 gram: Rp 2,844,000
• 2 gram: Rp 5,628,000
• 3 gram: Rp 8,417,000
• 5 gram: Rp 13,995,000
• 10 gram: Rp 27,935,000
• 25 gram: Rp 69,712,000
• 50 gram: Rp 139,345,000
• 100 gram: Rp 278,612,000
• 250 gram: Rp 696,265,000
• 500 gram Rp 1,392,320,000

In global markets, spot gold was also under pressure. As of 10:45 p.m. New York time on Feb. 2, 2026, gold traded at $4,803.43 per troy ounce, down $89.77 or 1.83%, based on data from goldprice.org.

The recent decline followed one of the steepest weekly drops in decades, after gold slid more than 10% during Friday’s trading session, retreating from a record peak near $5,600 per troy ounce.

Still, US investment bank JPMorgan maintained an upbeat outlook on gold prices. In a note cited by Kitco on Tuesday, the bank projected gold could reach $6,300 per troy ounce by the end of 2026.

The forecast was issued after the recent selloff, with JPMorgan analysts pointing to continued diversification trends that had pushed gold to fresh highs in recent weeks. They argued that gold still has room to rise amid a market environment where real assets continue to outperform paper assets.

JPMorgan strategists, led by Nikolaos Panigirtzoglou, also said gold prices could climb to $8,000 per troy ounce by the end of the decade if private-sector investors increase their allocations to the metal.

Beyond private investment flows, central banks are expected to remain key buyers, helping underpin prices. JPMorgan estimates that global central bank gold purchases could rise to as much as 800 tons in 2026.