Antam Gold Price Drops Rp 25,000 per Gram

The price of gold bars from PT Aneka Tambang Tbk, commonly known as Antam, experienced a significant drop on Tuesday, June 2, 2026. The price fell by Rp 25,000 per gram compared to the previous day, reaching Rp 2,774,000 per gram.

This decline follows a period of consecutive increases in late May. The buyback price for Antam gold bars also decreased by Rp 25,000, settling at Rp 2,584,000 per gram. Earlier in the year, gold prices had reached a record high of Rp 3,168,000 per gram in January 2025.

Globally, gold prices are trading below $4,500 per troy ounce. This downward pressure is attributed to stalled peace negotiations between the United States and Iran, which have heightened inflation risks and interest rate expectations. Reports indicate Iran has halted communication with Washington following Israeli attacks in Lebanon, though U.S. President Donald Trump suggested a potential agreement to reopen the Strait of Hormuz could be reached soon.

Investors are closely monitoring the upcoming U.S. monthly employment report and statements from Federal Reserve officials for further clues on monetary policy direction. The market is anticipating potential interest rate hikes by the Federal Reserve before the end of the year, partly driven by rising inflation fueled by Middle East conflicts.