August 2, 2026 | 03:37 pm
TEMPO.CO, Jakarta - The World Gold Council reported that gold demand in Indonesia surged 40 percent year-on-year in the second quarter of 2026. Total demand for gold bars and coins reached 14.5 tons during the period, up from 10.4 tons in the same quarter last year.
Shaokai Fan, Head of Asia-Pacific and Global Head of Central Banks at the World Gold Council, noted that Indonesia was once again among the world's top-performing gold investment markets in the second quarter. "Demand for gold bars and coins surged 40 percent year-on-year despite a slowdown in gold prices," he said in an official statement cited on Sunday, August 2, 2026.
Over the past six months, domestic gold bar prices in Indonesia have indeed trended downward. According to the Logam Mulia website, bullion produced by state miner PT Aneka Tambang (Antam) stood at Rp2,603,000 per gram on August 2, 2026. That figure marks a decline from the peak of Rp3,168,000 per gram recorded in January. The drop aligns with a broader correction across global bullion markets. Data from Trading Economics shows global gold prices have fallen 6.41 percent year-to-date.
Fan explained that continued high demand for gold in Indonesia reflects a shift in investor behavior. "Rather than simply reacting to short-term price fluctuations, more and more investors in Indonesia view gold as a strategic asset for the long term, particularly given the continued weakening of the rupiah and an uncertain domestic economic outlook," he said.
World Gold Council Senior Markets Analyst Louise Street added that global gold prices entered a consolidation phase in the second quarter after pulling back from historic highs. However, she believes the market remains supported by solid fundamentals, with gold continuing to serve as a diversification tool and reliable store of value.
Street predicts investment will be the primary driver of gold demand through the second half of 2026, even if its overall composition shifts. "Off-exchange activity and Asian investor interest are predicted to become increasingly dominant," she said.
Read: Antam Gold Prices Drop Rp20,000 at Start of August
Click here to get the latest news updates from Tempo on Google News
Antam Gold Prices Drop Rp20,000 at Start of August
1 hari lalu
Antam gold price fell by Rp20,000 to Rp2,603,000 per gram.
Indonesia Wins Two Golds, One Silver at 2026 Woodball World Cup
5 hari lalu
Indonesian Woodball Team kicked off its campaign at 2026 World Cup Woodball Championship in Perlis, Malaysia, by winning 2 gold & 1 silver medals.
IDX to Launch Gold ETF on Capital Market Anniversary in August
9 hari lalu
IDX plans to launch its Gold ETF on August 10, 2026, to coincide with the 49th anniversary of Indonesia's capital market.
Fact Check: Is the 74 Kg of Gold Found at Febrie Adriansyah's Home Fake?
10 hari lalu
Fact check - Test results from PT Pegadaian confirm that the 74 Kg of gold found at Febrie Adriansyah's home are genuine.
Antam Gold Price Climbs Rp5,000 to Rp2.64 Million
10 hari lalu
The Antam gold price on Thursday morning increased by Rp5,000 to Rp2,640,000 per gram, up from the previous Rp2,635,000 per gram.
Prabowo Hails Indonesia's Bullion Bank as Gold Holdings Reach 153 Tons
12 hari lalu
Indonesian President Prabowo Subianto praises Indonesia's bullion bank for successfully managing 153 tons of gold,valued at an estimated US$20 billion
Banyuwangi Responds to Gold Mining Land Damage
18 hari lalu
Illegal gold mining on Mount Lompongan threatens hundreds of hectares of crops tended by local farmers in Pancer Village, Banyuwangi.
OJK Seeks Tax Incentives for Gold ETFs
18 hari lalu
The Financial Services Authority (OJK) has requested fiscal incentives from the government for gold-based exchange-traded fund (ETF) transactions.
How Indonesia's Bullion Bank Collected 153 Tons of Gold in a Year
18 hari lalu
Since February 20, 2025, Indonesia's bullion bank has amassed a total of 153 tons of gold, held across Pegadaian and Bank Syariah Indonesia.
4 Highlights from Prabowo's Remarks at Indonesia's B50 Launch
23 hari lalu
In addition to launching the B50 program, Prabowo made several notable remarks on fuel subsidies, mineral discoveries, and country's economic outlook.
