Indonesia Bullion Market Association Officially Launched to Strengthen National Gold Market Ecosystem

The Indonesia Bullion Market Association (IBMA) has officially launched in Jakarta, marking a significant step toward strengthening the national gold market ecosystem. Established as a coordination forum for gold industry players, IBMA also serves as a strategic partner for the government in developing a more credible, efficient, and sustainable bullion market.

The association's formation is driven by the goal of promoting a more integrated, transparent, and competitive bullion market. IBMA plans to achieve this through standardization of practices, educational initiatives for market participants, strategic collaborations, and overall strengthening of the industry's ecosystem. The initiative is expected to enhance the competitiveness of Indonesia's bullion market on both regional and global stages.

Coordinating Minister for Economic Affairs Airlangga Hartarto, present at the launch, highlighted IBMA's role as a bridge between industry players and regulators. He emphasized the association's importance in driving standardization and market education. The government has also prepared a Roadmap for the Development and Strengthening of Bullion Business Activities and Ecosystem for 2026–2031, providing a clear direction for the sector's growth.

IBMA was initiated by 11 companies from various sectors, signifying a broad industry commitment to its objectives. Its establishment is viewed as a new chapter in strengthening Indonesia's gold ecosystem, integrating the industry from upstream to downstream operations. The association's efforts are anticipated to bolster industry collaboration and elevate the national bullion market's standing.