Jakarta Residents Increasingly Favor Gold Financing Amid Economic Uncertainty

Jakarta residents are showing a growing appetite for gold financing, with Bank Mega Syariah (BMS) reporting a substantial increase in its Flexi Gold product. The bank has seen its Flexi Gold financing exceed 43 billion rupiah nationwide as of May 2026. This figure represents a dramatic surge of approximately 1,688 percent compared to the 2.42 billion rupiah recorded throughout 2025.

Jakarta stands out as the region with the largest contribution to this financing scheme, accounting for 36.6 percent of the national total. Benadicto A. Ferary, Head of Digital Business and Product Management at Bank Mega Syariah, noted that this trend indicates a shift in public perception. "Gold is increasingly seen not just as jewelry, but as part of long-term financial planning," he stated. Ferary added that gold's stable long-term characteristics make it a key instrument for portfolio diversification.

The rising interest in gold aligns with global trends, as international financial institutions anticipate potential price strengthening in the medium to long term, despite expected fluctuations due to geopolitical events. Beyond Jakarta, other regions like Central and East Java have also experienced aggressive growth in gold financing, with increases exceeding 21,000 percent compared to previous periods.

Bank Mega Syariah's Flexi Gold product offers sharia-compliant financing, with gram options ranging from 5 to 100 grams and down payments starting at 10 percent. This product caters to individuals seeking to invest in gold as a stable asset amidst global economic uncertainties.

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Gold has characteristics that are relatively stable in the long term and is one of the instruments considered by the public for portfolio diversification.