The domestic gold market experienced a modest upward movement at the end of the trading week, providing a favorable sentiment for investors and retail buyers alike. On Friday, November 6, the price of benchmark 1-gram minted gold bars produced by state-owned mining enterprise PT Aneka Tambang Tbk (Antam) posted a measurable gain compared to the previous trading session. This slight appreciation reflects ongoing dynamics within the precious metals market, which continues to attract attention from domestic participants seeking safe-haven assets amidst shifting macroeconomic conditions.
According to data officially released through Antam’s Logam Mulia portal, the base price for a 1-gram Antam gold bar settled at Rp2,565,000. This represents an increase of Rp8,000 per gram when measured against the valuation recorded on Thursday, November 4, when the precious metal traded at Rp2,557,000 per gram. While a single-day increase of under one percent may appear marginal, market observers note that consecutive positive movements reinforce confidence among long-term holders.
Parallel to the rise in retail purchase prices, the buyback value—the rate at which Antam purchases gold back from consumers—also demonstrated a positive adjustment. The daily buyback price climbed by Rp13,000, bringing the rate to Rp2,370,000 per gram, up from the previous session’s level of Rp2,357,000 per gram. Consequently, the current spread between the primary retail selling price and the buyback rate stands at approximately Rp195,000 per gram. This margin is a critical metric for retail investors calculating short-term liquidity costs versus long-term holding strategies.
Performance Across Alternative Domestic Brands and Refineries
Beyond the flagship Antam products, the broader Indonesian retail gold ecosystem exhibited varied pricing structures across competing manufacturers and financial institutions. Market participants evaluating alternative options on November 6 observed competitive positioning among digital-linked gold products and private refineries.
Data retrieved from the HRTA Gold platform indicated that BSI Gold units traded at a base price of Rp2,456,000 for the 1-gram denomination, with a corresponding buyback valuation pegged at Rp2,317,000. Meanwhile, private distribution networks offered distinct pricing hierarchies: retail outlets under Galeri24 retailed their proprietary 1-gram gold bars at Rp2,518,000, whereas products manufactured by Untung Bersama Sejahtera (UBS) matched Antam’s benchmark precisely at Rp2,565,000 per gram.
These pricing variances offer consumers a tiered marketplace, allowing buyers to select products based on brand preference, resale liquidity, and specific denomination availability.
Comprehensive Price Schedules for November 6
For market analysts, retail buyers, and institutional portfolio managers tracking specific bullion sizes, a granular breakdown of the pricing schedules across major distributors on Friday, November 6, provides essential transparency.
PT Aneka Tambang Tbk (Antam) Base Prices (Pre-Tax)
The standard schedule for Antam bullion, reflecting base retail values before applicable government taxes, is structured across fractional and large-scale weights as follows:
- 0.5 gram: Rp1,332,500
- 1 gram: Rp2,565,000
- 2 gram: Rp5,070,000
- 3 gram: Rp7,580,000
- 5 gram: Rp12,600,000
- 10 gram: Rp25,145,000
- 25 gram: Rp62,737,000
- 50 gram: Rp125,395,000
- 100 gram: Rp250,712,000
- 250 gram: Rp626,515,000
- 500 gram: Rp1,252,820,000
- 1,000 gram (1 kg): Rp2,505,600,000
BSI Gold Base Price and Buyback Schedule
Sharia-compliant gold offerings through BSI Gold maintained a comprehensive matrix outlining both retail acquisition costs and liquidation values:
- 0.1 gram: Rp311,500 (Base) / Rp231,700 (Buyback)
- 0.25 gram: Rp731,500 (Base) / Rp579,250 (Buyback)
- 0.5 gram: Rp1,283,000 (Base) / Rp1,158,500 (Buyback)
- 1 gram: Rp2,456,000 (Base) / Rp2,317,000 (Buyback)
- 2 gram: Rp4,872,000 (Base) / Rp4,634,000 (Buyback)
- 5 gram: Rp12,090,000 (Base) / Rp11,585,000 (Buyback)
- 10 gram: Rp24,110,000 (Base) / Rp23,170,000 (Buyback)
- 25 gram: Rp60,000,000 (Base) / Rp57,925,000 (Buyback)
- 50 gram: Rp119,950,000 (Base) / Rp115,850,000 (Buyback)
- 100 gram: Rp239,800,000 (Base) / Rp231,700,000 (Buyback)
- 125 gram: Rp299,125,000 (Base) / Rp289,625,000 (Buyback)
- 150 gram: Rp358,800,000 (Base) / Rp347,550,000 (Buyback)
- 175 gram: Rp418,425,000 (Base) / Rp405,475,000 (Buyback)
- 200 gram: Rp478,000,000 (Base) / Rp463,400,000 (Buyback)
- 250 gram: Rp596,250,000 (Base) / Rp578,250,000 (Buyback)
- 500 gram: Rp1,192,000,000 (Base) / Rp1,156,500,000 (Buyback)
- 1,000 gram: Rp2,384,000,000 (Base) / Rp2,313,000,000 (Buyback)
Galeri 24 Retail Price Structure
Galeri 24 distributed its multi-weight inventory at competitive baseline figures:
- 0.5 gram: Rp1,320,000
- 1 gram: Rp2,518,000
- 2 gram: Rp4,974,000
- 5 gram: Rp12,345,000
- 10 gram: Rp24,622,000
- 25 gram: Rp61,225,000
- 50 gram: Rp122,353,000
- 100 gram: Rp244,583,000
- 250 gram: Rp609,955,000
- 500 gram: Rp1,219,910,000
- 1,000 gram: Rp2,439,819,000
UBS Product Line Pricing
UBS bullion variants registered consistent scaling across lightweight and heavy institutional bars:
- 0.5 gram: Rp1,386,000
- 1 gram: Rp2,565,000
- 2 gram: Rp5,090,000
- 5 gram: Rp12,577,000
- 10 gram: Rp25,023,000
- 25 gram: Rp62,433,000
- 50 gram: Rp124,610,000
- 100 gram: Rp249,122,000
- 250 gram: Rp622,619,000
- 500 gram: Rp1,243,778,000
Market Context and Economic Implications
The steady performance of gold bullion within the domestic market occurs against a backdrop of broader economic monitoring. Precious metals traditionally serve as an effective hedge against currency volatility, domestic inflation pressures, and global geopolitical uncertainties. Financial analysts frequently emphasize that retail demand in Indonesia remains robust, driven by a culturally ingrained preference for physical gold acquisition as a primary vehicle for wealth preservation.
Furthermore, the expansion of digital integration via institutions like BSI Gold and specialized networks such as Galeri24 has lowered barriers to entry for younger demographics and first-time investors. Fractional availability—ranging from 0.1 gram to 0.5 gram denominations—ensures that retail participation is not restricted to high-net-worth individuals, thereby sustaining continuous liquidity within the secondary market.
As macroeconomic indicators continue to fluctuate internationally, domestic bullion prices are expected to remain sensitive to global spot market movements, currency exchange rates involving the rupiah against the United States dollar, and domestic monetary policies enacted by regulatory authorities. Investors are advised to routinely monitor official issuer platforms to account for daily price adjustments, tax implications under prevailing regulations, and administrative fees associated with physical delivery and buyback transactions.
