Indonesian Gold Company Stock Price Movement Over the Past Year, ARCI Leads (October 21, 2025)

The global gold price trend has risen significantly over the past year.

According to World Bank data, as of September 2025, the average price of 99.5% fine gold (London Fix Afternoon Price) had already reached US$3,667 per troy ounce.

Its price increased by 43% compared to September last year (year-on-year/yoy), simultaneously setting a new record high price.

In line with this trend, the share prices of issuers managing gold mines in Indonesia generally also surged over the past year.

The highest surge was experienced by PT Archi Indonesia Tbk (ARCI), one of the largest domestic gold producers.

During the period of October 21, 2024—October 21, 2025, ARCI's share price increased by approximately 319% (yoy), from Rp316 to Rp1,325.

In the same period, the share price of PT Bumi Resources Minerals Tbk (BRMS) rose by 179% (yoy), from Rp344 to Rp960.

Significant increases also occurred in the share prices of PT Aneka Tambang Tbk (ANTM), PT J Resources Asia Pasifik Tbk (PSAB), and PT Wilton Makmur Indonesia Tbk (SQMI).

However, PT United Tractors Tbk (UNTR), a heavy equipment company that operates gold mines through its subsidiary, saw its share price only rise slightly over the past year.

Meanwhile, other gold mining issuers, namely PT Merdeka Copper Gold Tbk (MDKA) and PT Amman Mineral Internasional Tbk (AMMN), saw their share prices actually decrease, as seen in the chart.