Antam Gold Rises to Rp2.55 Million as Global Price Holds Above $4,000

Antam gold rose Rp10,000 to Rp2,550,000 per gram on Tuesday, October 27, 2026, up from Rp2,540,000 the previous trading day. The move tracked a rebound in global gold prices after two straight days of correction, according to a report from Fortune Indonesia.

Globally, gold held above $4,000 per ounce on the same day, according to Demokratis.co.id. Harga-emas.org put the world gold price at $129.12 per gram, a figure consistent with prices staying above that $4,000 threshold.

Why global gold bounced back

Fortune Indonesia attributed the rebound to easing concerns over conflict in the Middle East. The cooling tensions also weighed on oil prices, which in turn reduced inflation risk and the odds of further Fed rate hikes.

The mechanism is fairly simple. Cheaper oil helps keep a lid on inflation, and tamer inflation eases pressure on the Fed to raise its benchmark rate. Lower rates typically favor gold, since the metal pays no yield like bonds or deposits do, making it relatively more attractive when interest-bearing assets offer less.

Gold is also commonly treated as a hedge when geopolitical tension rises, since investors look for an asset whose value does not hinge on any single country or currency. Once tensions ease, some investors typically trim their gold holdings and rotate into riskier assets, though that pattern is not always consistent and depends on other factors like the direction of interest rates.

Before this two-day rally, gold had been correcting fairly sharply. Last week, Queenby News reported that Antam gold had fallen Rp32,000 over the course of a week to Rp2,540,000 per gram amid a pullback in global prices. Tuesday's Rp10,000 gain marks an early sign of recovery, though it has not yet erased that earlier decline.

Antam gold price breakdown

Here is the breakdown of Antam gold prices as of October 27, 2026, based on Fortune Indonesia's data:

• Per gram: Rp2,550,000, up Rp10,000 from Rp2,540,000
• 10-gram bar: around Rp24,995,000
• One suku (3.75 grams) at Logam Mulia: around Rp9,562,500
• Buyback price: Rp2,345,000 per gram

These prices exclude the 0.25 percent income tax applied to every Antam gold bar purchase. The gap between the selling price and the buyback price, Rp2,550,000 versus Rp2,345,000, comes to Rp205,000 per gram, or roughly 8 percent of the selling price. That spread matters for anyone planning to hold physical gold only briefly, since it can eat into returns if the price has not risen enough by the time it is sold back.

Buyback is the price Antam pays when repurchasing gold from customers. It is always lower than the selling price and can shift daily based on global gold movements, domestic market conditions, and the rupiah's exchange rate against the dollar.

Palembang prices and the suku math

Fortune Indonesia also noted that Antam gold prices in Palembang rose Rp10,000 to Rp2,550,000 per gram on the same day, matching the national rate exactly. According to the report, the gap between national and Palembang gold prices is typically not significant.

What differs is how the suku unit is calculated. In Palembang, one suku equals roughly 6.7 grams, unlike the national convention of 3.75 grams per suku. At Rp2,550,000 per gram, one suku in Palembang would be worth roughly Rp17,085,000, far higher than the national suku price of around Rp9,562,500. That local standard is why the per-suku price in Palembang looks much steeper even though the per-gram price is identical, shaped by local jewelers' calculations and regional market habits.

For readers unfamiliar with the term, a suku is a traditional weight unit used in parts of Indonesia for trading gold, distinct from the gram that serves as the international standard. Because conversions can vary by region, it is worth checking the local suku standard at a given outlet before comparing prices across areas.

What it means for traders

Traders tracking gold as a hedge can watch a few things in the days ahead:

• The direction of global oil prices, since their decline has been helping keep inflation expectations in check, one of gold's key drivers
• Developments in Middle East tensions, which could flip sentiment and boost safe-haven demand for gold if they flare up again
• The psychological $4,000 per ounce level globally, which Demokratis.co.id reported gold was still holding above on October 27
• The Rp205,000 per gram gap between Antam's selling and buyback prices, relevant for anyone weighing a short holding period in physical gold

A Rp10,000 per gram move in the domestic market is small relative to global dollar-denominated swings. But the direction, a rebound after two days of correction, still signals how global sentiment feeds through to prices in Indonesia. Antam's price essentially tracks a combination of the world gold price and the rupiah-dollar exchange rate, so a shift in either factor alone can move the domestic price even if the other stays flat.

For traders just starting to follow the gold market, it helps to remember that Antam's daily published price is not a direct rupiah conversion of the world gold price per gram. It already factors in production costs, distribution, and Antam's margin as the producer. That is why its movement can occasionally diverge in direction or magnitude from the world price over very short periods, even though the two typically move together over longer stretches.

Frequently asked questions

What is the Antam gold price today?

Antam gold rose Rp10,000 to Rp2,550,000 per gram on October 27, 2026.

What is the price of a 10-gram Antam gold bar?

A 10-gram Antam gold bar costs around Rp24,995,000 as of October 27, 2026.

What is the global gold price today?

According to harga-emas.org, global gold traded at $129.12 per gram, consistent with prices holding above $4,000 per ounce.

Did gold prices rise or fall today?

They rose. Antam gold gained Rp10,000 as global gold recovered from a two-day correction.

Where can I buy Antam gold?

Antam gold is available at official Antam outlets, Logam Mulia boutiques, partner banks, or authorized marketplaces.