JAKARTA – The price of gold bullion produced by PT Aneka Tambang Tbk (ANTM) has broken a new record, reaching IDR 2,016,000 per gram.

On Tuesday, 22 April 2025, ANTM’s gold price soared to IDR 2,016,000 per gram, up IDR 36,000 from the previous day, marking its highest level in history.

The buyback price of ANTM gold also strengthened, climbing to IDR 1,865,000 per gram – the highest buyback price ever recorded.

This sharp rise follows a rally in global gold prices. In the spot market, gold surged to USD 3,434.4 per troy ounce, up 3.25% in a single day, setting a new all-time high.

Observers attribute the gold price spike to political and economic turbulence in the United States (US), particularly remarks made by President Donald Trump, who publicly urged the US central bank to cut interest rates. He also attacked Federal Reserve Chair Jerome Powell on social media, labelling him a “loser.”

These tensions have pushed the US Dollar Index (DXY) down to 98.278 – its lowest level since February 2022. (EF/KR/ZH)