Gold price today in Indonesia (IDR)

Gold price in Indonesia: per gram in rupiah

Indonesia prices gold per gram in rupiah, and the number most people check is the daily rate for Antam bars from the state miner's Logam Mulia refinery, sold in sizes from 0.5 g to 1 kg and treated as the national benchmark. Pegadaian, the state pawnbroker, and several banks and apps sell gold savings by the gram. Jewellery is sold at a range of purities, with 24k, 22k and 18k the most common labels, and the shop price depends on the karat and the design. Today's conversion gives Rp2,332,241 per gram for 24k; the Antam retail rate normally sits above it, because it includes manufacturing, distribution and tax.

Lebaran, weddings and gold as savings

Indonesian demand peaks before Lebaran (Eid al-Fitr), when households buy gold as gifts and sell it to fund the journey home, and around weddings, where gold jewellery is part of the dowry in many regions. Just as important is saving in gold: small Antam bars, Pegadaian's gold savings accounts and the gold features inside e-commerce and fintech apps let people put away a few grams at a time, and the habit is common across income levels. Pegadaian also lends against gold jewellery, so its appraisal rates are a widely used local reference.

Taxes and the Antam buy-back spread

Indonesia applies VAT to gold jewellery and withholds income tax on purchases of gold bars above certain values, with rates that depend on whether the buyer has a tax number; the rules have changed, so check the current regulation. Antam publishes both a selling price and a buy-back price each day, and the gap between them, typically several percent, is the real round-trip cost of owning a bar. The price on this page is the pure spot conversion and sits between the two, usually closer to the buy-back.

What moves the rupiah gold price

The rupiah is sensitive to US interest rates and capital flows: when the dollar strengthens and US yields rise, the rupiah tends to weaken, lifting the local gold price even if gold in dollars falls. Bank Indonesia policy, the current-account balance and commodity exports (coal, palm oil, nickel) move the currency; US rate expectations, real yields, central-bank buying and geopolitics move gold. For the global side read what moves gold prices.

Trading hours in Western Indonesia Time

Jakarta is on WIB (UTC+7). The Asian session is the local day, London opens in the afternoon and the London–New York overlap, the busiest window, falls today at about 19:00–23:00 WIB, in the evening. Gold futures and spot trading are regulated by Bappebti and, since 2025, partly by the OJK, with contracts on the Jakarta Futures Exchange and ICDX; the Indonesia gold trading guide explains licensed routes and the warnings about illegal platforms. The market hours tool shows every session on your clock.

How this IDR gold price is calculated

Three numbers decide everything on this page. First, the international gold price in US dollars per troy ounce: $4,010.0 at the last update. Second, the exchange rate: 1 USD = 18,089.97 IDR. Third, the weight: one troy ounce is 31.1035 grams, and one tola is 11.6638 grams.

1. Price per gram in USD = $4,010.0 ÷ 31.1035 = $128.92.
2. Price per gram in IDR = $128.92 × 18,089.97 = 2,332,241 IDR (24k, pure gold).
3. Price per 10 grams = 2,332,241 × 10 = 23,322,407 IDR.
4. For a lower purity, multiply by the fineness: 22k = 0.9167, 21k = 0.875, 18k = 0.750.

The gold price comes from COMEX gold futures, which track spot XAUUSD closely but are not identical to it. The exchange rate is a mid-market rate; the rate your bank or money changer gives you will be slightly different. If you want to do the maths yourself, our guide to converting the gold price per gram, tola and kilo walks through every step with worked examples.

What this price does not include

The figures above are the international spot price converted into local currency. They are the starting point for every retail price in Indonesia, but they are not the price you will pay or receive at a shop. The retail or "jeweller" price adds some or all of these on top:

• Import duty or customs charges, where the country imports most of its gold.
• Sales tax, GST or VAT, which may apply to jewellery, to bars and coins, or to both, depending on local law.
• Dealer premium: the margin a bullion dealer or bank adds to the spot price for bars and coins, usually larger on small pieces.
• Making charges (labour) on jewellery, often a percentage of the gold value or a fixed amount per gram.
• Local supply and demand, which can push the physical price to a premium or a discount against the international price for weeks at a time.

When you sell, the buyer usually quotes below the spot-based number and deducts for purity testing, wear and sometimes stones. The gap between the buying and the selling price is the real cost of owning physical gold, and it varies a lot between shops, so it is worth asking several.

Frequently asked questions