Digital Gold Transaction Value Surges 503% in Indonesia

TEMPO.CO, Jakarta – The Indonesia Commodity and Derivatives Exchange (ICDX) reported that digital physical gold transactions reached Rp31.21 trillion (around US$1.9 billion) in January 2026, marking a sharp increase from Rp5.18 trillion in the same month last year.

“This represents a 503 percent surge compared to January 2025,” ICDX Director Nursalam said in a written statement on Friday, February 13, 2026.

Transaction volumes also climbed significantly. ICDX recorded 11.91 million grams of digital gold traded in January, up 229 percent from 3.62 million grams a year earlier.

For the full year of 2025, digital physical gold trading volume reached 58.65 million grams, up 25.2 percent from 46.85 million grams in 2024. The total transaction value rose 101 percent year-on-year to Rp115.6 trillion, more than double the Rp57.5 trillion recorded in 2024.

Nursalam attributed the growth to three main factors. First is convenience, as investors can purchase gold through smartphone applications without visiting physical stores.

Second is the broader impact of digitalization, which has made investment processes more efficient, transparent, and accessible.

Third is rising participation from younger investors, particularly Generation Z, who are entering the workforce and view digital gold as a flexible investment that can be tailored to their financial capacity.

He added that digital gold has become an alternative for portfolio diversification amid global economic uncertainty. Building on the strong momentum, ICDX is targeting 30 percent growth in transaction volume in 2026.

In terms of security, Nursalam said digital gold trading in Indonesia operates under strict regulatory oversight. Transactions are supervised by the Commodity Futures Trading Regulatory Agency (Bappebti), with clearing institutions guaranteeing settlements and approved depositories safeguarding the underlying physical gold.

Digital physical gold trading is regulated under Bappebti Regulation No. 3 of 2025, which governs its implementation on futures exchanges.

Under the mechanism, traders must first deposit physical gold with licensed storage managers or depositories before it can be traded digitally. The system applies a 1:1 ratio, meaning each unit of digital gold is fully backed by physical gold.

Up to 20 percent of required reserves may be placed in cash or cash equivalents with a clearing institution to ensure liquidity for customer redemption.

“With supervision, clearing guarantees, and secure storage of physical gold, the system is designed to ensure safety and mitigate risks,” Nursalam said.

Read: How Indonesia Plans to Break the 6% Economic Growth Barrier

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