January 13, 2026 | 03:41 pm
TEMPO.CO, Jakarta - Indonesia’s PT Aneka Tambang (Antam) gold bars reached Rp2,652,000 per gram on Tuesday, January 13, 2026. The increase is driven by the weakening rupiah and strong domestic demand for precious metals, alongside global factors influencing the price of gold.
Ibrahim Assuaibi, analyst and director of PT Traze Andalan Futures, attributed the increase to the weakening of the rupiah and strong domestic demand for precious metals.
"The rupiah exchange rate at the end of the week is likely to approach around Rp16,900. This will push the price of precious metals higher," Ibrahim said.
He added that the demand for gold in Indonesia currently exceeds available supply, contributing further to the price rise.
On the global stage, gold is also strengthening, with the world gold price reaching US$4,591 per troy ounce. Ibrahim said it could reach US$4,700 per troy ounce this week, which would push Antam’s gold price potentially to Rp3,100,000 per gram.
Several international factors are affecting global gold prices. Ibrahim highlighted rising political tensions in the United States, including the possibility of an investigation into the Federal Reserve by the US Attorney General, and the market awaiting the US Supreme Court’s ruling on the legality of reciprocal tariffs introduced by former President Donald Trump.
Geopolitical developments are also influencing prices. Ibrahim noted Trump’s ambitions to take over Greenland as a factor that has captured market attention.
"These developments are quite interesting and have helped world gold prices remain strong," he said.
With the rupiah under pressure and global uncertainties mounting, both domestic and international factors are expected to keep Antam gold prices elevated in the coming days.
Read: Antam Gold Price Rises to Rp2.65 Million per Gram Today
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