Market Data & Analysis • Last Updated: December 28, 2025
For investors in Indonesia and across Southeast Asia, PT Aneka Tambang Tbk's (ANTAM) Logam Mulia gold bars represent the benchmark for physical gold investment. As we approach the end of 2025, the price of Antam gold has reached historic highs, making it more crucial than ever to understand its dynamics[citation:4]. This comprehensive guide provides not only today's price but also a deep dive into what drives its value, how to buy and sell smartly, and what the future may hold for this premier safe-haven asset.
📈 TODAY'S KEY PRICE (Dec 28, 2025): The official selling price for 1-gram Antam gold bars is Rp 2,605,000 per gram, remaining stable from the previous day[citation:3][citation:6]. The buyback price (the price at which Antam repurchases gold) is Rp 2,464,000 per gram[citation:3][citation:7]. This significant spread is a fundamental concept every gold investor must grasp.
1. Current Antam Gold Price Tables (Official Data)
The price of Antam gold varies by weight. Smaller denominations carry a higher premium per gram due to minting and handling costs, while larger bars offer a more economical price point for serious investors[citation:1]. All prices below are sourced from the official Logam Mulia platform and are subject to the addition of applicable taxes[citation:6].
Official Selling Price for Gold Bars (December 28, 2025)
| Weight | Base Price (Rp) | Price Including PPh 0.25% (Rp)*[citation:6] |
|---|---|---|
| 0.5 gram | 1,352,500 | 1,355,881 |
| 1 gram | 2,605,000 | 2,611,513 |
| 2 grams | 5,150,000 | 5,162,875 |
| 5 grams | 12,800,000 | 12,832,000 |
| 10 grams | 25,545,000 | 25,608,863 |
| 25 grams | 63,737,000 | 63,896,343 |
| 50 grams | 127,395,000 | 127,713,488 |
| 100 grams | 254,712,000 | 255,348,780 |
| 500 grams | 1,272,820,000 | 1,276,002,050 |
| 1000 grams (1 Kg) | 2,545,600,000 | 2,551,964,000 |
*PPh (Income Tax) is levied on purchases. For individuals with a Taxpayer Identification Number (NPWP), the rate is 0.45%. The 0.25% shown in the official table is a component of this calculation[citation:3].
Price Movement & Historical Context
The recent price trajectory has been remarkable. On December 27, 2025, the price surged by Rp 16,000 to reach Rp 2,605,000 per gram, setting a new all-time high (ATH)[citation:4]. This follows consistent upward pressure throughout the month.
| Date | Selling Price (Rp/gram) | Buyback Price (Rp/gram) | Daily Change |
|---|---|---|---|
| Dec 28, 2025 | 2,605,000 | 2,464,000 | Stagnant[citation:3] |
| Dec 27, 2025 | 2,605,000 | 2,464,000 | + Rp 16,000[citation:4][citation:7] |
| Dec 26, 2025 | 2,589,000 | 2,448,000 (est.) | + Rp 13,000[citation:1] |
| Dec 25, 2025 | 2,576,000 | - | - Rp 14,000[citation:4] |
2. The Crucial Buyback Price & The Investment Spread
One of the most critical yet often overlooked aspects of gold investment is the buyback price. This is the price at which the official seller (like Logam Mulia) or other dealers are willing to repurchase your gold bar[citation:7].
⚠️ IMPORTANT TAX NOTE ON BUYBACK: When selling gold back to Antam/authorized dealers, a PPh 22 tax applies if the transaction value exceeds Rp 10 million. The rate is 1.5% for NPWP holders and 3% for non-NPWP holders. This tax is deducted directly from the buyback value you receive[citation:3][citation:4].
As of today, with a sell price of Rp 2,605,000 and a buyback price of Rp 2,464,000, the spread is Rp 141,000 per gram[citation:7]. This means the price needs to appreciate by at least this amount for you to break even on a quick sale. This spread is why gold is universally considered a long-term investment rather than a short-term trading vehicle[citation:7].
3. How & Where to Buy Authentic Antam Gold
To guarantee authenticity and purity, purchase only through official or authorized channels. Antam gold has a purity of 99.99% (24 karat) and is LBMA-certified[citation:5][citation:6].
Official and Authorized Sellers:
- Logam Mulia Butiks: The primary physical outlets, such as in Pulo Gadung, Jakarta[citation:6].
- Official Online Store: logammulia.com offers secure online purchases with delivery options[citation:6].
- Authorized Official Distributors/Resellers: Established companies like Aneka Logam (an official reseller) also sell Antam gold, often at prices that include their own margin[citation:5]. For example, on December 23, Aneka Logam's selling price for a 1-gram Certicard was Rp 2,980,000[citation:5].
- Other Retailers: Trusted precious metals retailers like Galeri 24 also sell Antam gold bars. On December 27, Galeri 24's price for 1-gram Antam gold was Rp 2,848,000[citation:2].
Always verify the latest price directly from the seller before transacting, as prices can change rapidly[citation:5].
4. Factors Driving Antam Gold Prices in 2025
The record-breaking price is not an isolated event. It is driven by a confluence of global and local factors:
- Global Gold Price (USD): The foundation. Antam's Rupiah price is directly correlated to the international spot gold price in US Dollars.
- USD/IDR Exchange Rate: A key amplifier. A weaker Rupiah against the US Dollar makes importing gold (or valuing it) more expensive in local currency, pushing Antam prices higher.
- Global Economic Uncertainty: Geopolitical tensions, inflation fears, and stock market volatility increase demand for gold as a safe-haven asset.
- Local Demand and Premium: High domestic investment demand, especially during festive seasons or periods of economic uncertainty, can add a premium to the locally traded price.
- Government Regulations and Taxes: Changes in tax policies, such as PPh 22, directly affect the net cost and return for investors[citation:3][citation:4].
5. Investment Outlook and Strategic Advice
Given the current high prices and significant buy-sell spread, a strategic approach is essential.
Key Takeaways for Investors:
- Think Long-Term (5+ years): Gold is not for quick flips. The spread makes it suitable for long-term wealth preservation[citation:7].
- Understand Total Cost: Factor in the selling price PLUS purchase tax (PPh 22) when calculating your entry point.
- Know Your Exit Cost: Remember that your effective selling price is the buyback price MINUS the sell-side PPh 22 tax (if applicable).
- Consider Larger Denominations: If your capital allows, larger bars (50g, 100g+) offer a lower cost per gram compared to small bars like 1g or 5g[citation:1].
- Secure Storage: Ensure you have a safe, insured place to store physical gold bars.
Analysts remain cautiously optimistic about gold's long-term trajectory into 2026, supported by the ongoing global macroeconomic environment[citation:4]. However, short-term corrections are always possible after such strong rallies.
Conclusion
Antam's Logam Mulia gold remains the cornerstone of physical gold investment in Indonesia. As of December 28, 2025, at Rp 2,605,000 per gram, it sits at historic highs, underscoring both its value and the need for informed investment decisions[citation:3][citation:4]. Success in gold investing lies not in timing short-term fluctuations but in understanding the fundamental rules: the buy-sell spread, the impact of taxes, and the necessity of a long-term horizon. By purchasing from official sources, securely storing your asset, and holding with patience, Antam gold can effectively serve its timeless role as a preserver of wealth in your financial portfolio.