Flashback to 2025, Antam Gold Price Increased by 65%

The year 2025 was marked by many major events, one of which was a significant surge in gold prices.

On December 31, 2024, Antam gold prices were still around Rp1.52 million per gram.

Then, entering 2025, its price suddenly fluctuated in a sharp upward trend, reaching Rp2.5 million per gram by the end of the year.

Cumulatively, in the past year, specifically the period from December 31, 2024, to December 31, 2025, Antam gold prices had risen by approximately 65% (year-on-year/yoy).

According to the World Bank, the rise in gold prices in 2025 was influenced by geopolitical uncertainty. This boosted demand for investment assets considered safe (safe-haven), one of which is gold.

The surge in the commodity's price was also influenced by the loosening monetary policy of the United States (US), the depreciation of the US dollar, and the increasing trend of gold purchases by central banks in various countries.

The World Bank also believes the upward trend in gold prices has the potential to continue in 2026, although the surge may not be as high as in 2025.

In its October 2025 edition of the Commodity Markets Outlook report, the World Bank predicted the average global gold price throughout 2026 has a chance to rise by 5% (yoy).

However, there are also various factors that risk lowering gold prices, ranging from US policies to global geopolitical conditions.

"The risk of gold price decline stems from tighter US monetary policy, which would reduce the attractiveness of gold as an investment," the World Bank said.

"A sustained easing of geopolitical tensions could also suppress demand for safe-haven assets, while weaker gold purchases by central banks would add downward pressure on prices," they said.