JAKARTA – Antam gold buyback prices have seen a double-digit surge year-to-date in 2026, reflecting the dynamic movements of the precious metals market. According to Logam Mulia data from Monday, May 25, 2026, the buyback price for Antam gold climbed by Rp35,000 to reach Rp2,612,000 per gram. This figure represents a notable 10.67% increase for the 2026 period.
Despite this upward trend, the current buyback price remains below the all-time high (ATH) of Rp2,989,000 recorded in late January 2026. As a reminder, the Antam buyback price serves as the official benchmark for PT Aneka Tambang Tbk. (ANTM) when repurchasing gold, with price fluctuations largely driven by global market trends.
Understanding Gold Buyback Mechanics
Gold buyback is the process of selling back gold assets—whether in the form of bullion, bars, or jewelry—to a retailer or producer. While the buyback price is generally set lower than the current market selling price, investors can still realize significant profits if there is a substantial margin between their original purchase price and the current buyback rate.
Investors should also be mindful of tax obligations. Under Ministry of Finance Regulation (PMK) No. 34/PMK.10/2017, buyback transactions exceeding Rp10 million are subject to Income Tax (PPh 22). The rate is set at 1.5% for taxpayers with a Taxpayer Identification Number (NPWP) and 3% for those without. This tax is automatically deducted from the total buyback value.
Global Market Outlook and Technical Analysis
Looking at the broader market, Geraldo Kofit, an analyst at Dupoin Futures, warns that global gold prices may remain under pressure throughout the coming week. The market continues to display bearish sentiment, with no immediate signs of recovery from either technical or fundamental standpoints.
On the H4 timeframe, the spot gold market continues to show a strong downward trend. Kofit noted that as long as prices fail to break through key resistance levels, the risk of further decline remains significant. “The current price structure, which is forming ‘lower highs’ and ‘lower lows,’ is a classic indicator of a solid bearish trend,” Kofit explained in his research dated May 24, 2026.
This technical setup suggests that any attempts at a price rally are likely to face selling pressure. Furthermore, with gold prices trading below the 21-day and 50-day Moving Average (MA) indicators, these levels are now acting as dynamic resistance, effectively capping any potential upside.
For the remainder of the week, the nearest resistance levels are projected at 4,589 US dollars and 4,639 US dollars. As long as gold prices remain beneath these thresholds, the bearish trend is expected to persist.
Summary
As of May 25, 2026, the Antam gold buyback price has increased by 10.67% year-to-date, reaching Rp2,612,000 per gram. Although this reflects a significant rise, the current rate remains below the all-time high of Rp2,989,000 set in January 2026. Investors should note that buyback transactions exceeding Rp10 million are subject to mandatory income tax deductions.
Market analysts maintain a cautious outlook, noting that global gold prices are currently experiencing a strong bearish trend with no immediate signs of recovery. Technical indicators suggest that gold is facing significant selling pressure as it trades below key moving averages. Future price rallies are likely to be capped by resistance levels unless the current downward momentum shifts.
