Antam Gold Price Soars Past Rp 2 Million: A Sign of Deepening Global Crisis?
Antam gold price surged to Rp 2,033,000/gram on May 8, 2025. The spike is driven by global uncertainty and U.S. Federal Reserve policy.
Gold Prices Surge Amid Global Economic Uncertainty
Gold bullion is once again at the center of market attention. On May 8, 2025, Antam gold at Pegadaian surged to Rp 2,033,000 per gram, setting a new domestic trading record. UBS gold was sold at Rp 1,979,000, and Galeri 24 at Rp 1,971,000 per gram.
The Fed’s Policies and Global Tensions as Key Drivers
This surge didn’t happen in a vacuum. Major contributors include rising global uncertainty, particularly the intensifying geopolitical conflicts in Ukraine, the Middle East, and South Asia. In addition, speculation that the U.S. Federal Reserve will maintain high interest rates longer has driven global investors toward safer assets like gold.
Rupiah Depreciation and Rising Public Investment Interest
The depreciation of the Indonesian rupiah against the U.S. dollar has also fueled local gold prices. Meanwhile, Indonesian interest in gold investment is increasing again—especially ahead of major holidays and as a hedge against global economic volatility.
Pegadaian Records Sharp Increase in Gold Transactions
State-owned Pegadaian reported a notable increase in gold buying and installment transactions over the past week. Many consumers are shifting toward gold bullion, considering it safer and more stable than stocks or mutual funds in today’s volatile market.
The rise of gold prices to over Rp 2 million per gram signals how investors are reacting to a fragile global economic landscape. Gold is once again proving its role as the ultimate hedge asset—not just for large investors but also for ordinary citizens looking to preserve wealth.
