Gold Prices Tick Up as Market Eyes Fed, Tariff Outlook

Ria Fortuna Wijaya, Alfi Dinilhaq
November 14, 2025 | 10:21 am
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A trader displays pure gold jewelry at a gold sales center in Meulaboh City, West Aceh, Aceh, Saturday, Mar. 17, 2018. (Antara Photo/Syifa Yulinnas)
A trader displays pure gold jewelry at a gold sales center in Meulaboh City, West Aceh, Aceh, Saturday, Mar. 17, 2018. (Antara Photo/Syifa Yulinnas)

Jakarta. Antam’s gold prices edged up on Friday, extending the previous day’s sharp gains as global bullion held steady and investors monitored US policy signals.

Data from Logam Mulia shows Antam’s benchmark gold price rose Rp 2,000 to Rp 2.398 million ($143.57) per gram, after jumping Rp 29,000 on Thursday to Rp 2.389 million per gram.

The buyback rate also increased Rp 2,000 to Rp 2.263 million per gram.

Gold transactions remain subject to tax under Finance Ministry Regulation No. 34/2017. Buyers with a taxpayer ID pay 0.45 percent income tax, while non-NPWP buyers pay 0.9 percent. For buyback transactions above Rp 10 million, NPWP holders are charged 1.5 percent, and non-NPWP sellers face 3 percent, deducted directly from the transaction value.

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Antam Gold Price (Friday, Nov. 14):

  • 0,5 gram: Rp 1,249,000
  • 1 gram: Rp 2,398,000
  • 2 gram: Rp 4,736,000
  • 3 gram: Rp 7,079,000
  • 5 gram: Rp 11,765,000
  • 10 gram: Rp 23,475,000
  • 25 gram: Rp 58,562,000
  • 50 gram: Rp 117,045,000
  • 100 gram: Rp 234,012,000
  • 250 gram: Rp 584,765,000
  • 500 gram Rp 1,169,320,000
  • 1.000 gram: Rp 2,338,600,000

On the global market, gold traded at $4,207.83 per ounce, up 0.02 percent as of Nov. 13 at 10:11 p.m. New York time according to goldprice.org.

The World Gold Council expects 2026 gold prices to be shaped by US tariff policies and the Federal Reserve’s rate path. WGC’s Shaokai Fan said prices could stabilize if trade tensions ease, adding that gold tends to benefit from Fed rate cuts, which markets see as possible in December.

He added that investors vary widely in their choice of gold products, from ETFs to physical bullion, and cited a WGC study showing that 67 percent of Indonesians hold some form of gold investment, including jewelry, bullion, coins, ETFs, and other gold-backed instruments.

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