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Antam Gold Rises While Global Prices Fall: What’s Driving the Divergence?
Certified gold bars from PT Aneka Tambang Tbk (ANTM), widely known as Antam gold, recorded a price increase on Tuesday (April 21). In contrast, global gold prices moved in the opposite direction, posting a decline during the same trading session.
According to the official Logam Mulia website, the price of 1-gram Antam gold rose by IDR 40,000 to reach IDR 2,880,000. Meanwhile, the Antam gold buyback price also climbed by IDR 50,000, settling at IDR 2,690,000 per gram.
On the global front, data from Trading Economics showed that gold prices slipped by 0.75% to US$4,785.77 per troy ounce as of 14:10 WIB on Tuesday (April 21).
Chief Analyst at Doo Financial Futures, Lukman Leong, explained that the increase in Antam gold prices appears to reflect short-term market enthusiasm. This optimism is driven by expectations surrounding ongoing negotiations between the United States and Iran, which investors hope could lead to a peaceful resolution. However, uncertainty continues to linger, limiting sustained upward momentum in global gold prices.