The price of gold from PT Aneka Tambang Tbk, commonly known as Antam gold, saw a significant decline on Tuesday, June 2, 2026. Antam gold prices dropped by IDR 25,000 per gram compared to the previous day’s trading session.
According to data from the official Logam Mulia website, the price of gold is now listed at IDR 2,774,000 per gram, down from IDR 2,799,000 per gram on Monday, June 1, 2026. This dip follows a period of stability after consecutive price increases recorded on May 29 and May 30, 2026.
For historical context, gold prices reached an all-time high of IDR 3,168,000 on January 29, 2025. Throughout the month of May 2026, the peak price was recorded at IDR 2,859,000 per gram on May 12. Reflecting the market downturn, the buyback price for Antam gold bars also fell by IDR 25,000, settling at IDR 2,584,000 per gram today.
On the global stage, data from Trading Economics indicates that as of 09:45 AM on Tuesday, international gold prices were hovering around USD 4,475 per troy ounce. Gold is currently trading below the USD 4,500 threshold following a decline in the previous session. This downward pressure is largely attributed to stalled peace negotiations between the United States and Iran, which have pushed concerns regarding inflation and interest rate expectations to the forefront of investor sentiment.
Tensions remain high following reports on Monday from Iranian media, which claimed that Tehran has severed communication with Washington in response to Israeli military actions in Lebanon. Conversely, U.S. President Donald Trump has stated that talks remain active, suggesting that a memorandum of understanding with Iran regarding the reopening of the Strait of Hormuz could be reached as early as next week.
Looking ahead, the market is currently pricing in a potential interest rate hike by the U.S. Federal Reserve before the end of the year. This sentiment is fueled by rising inflation in the United States, which has been exacerbated by ongoing conflicts in the Middle East. Investors are now closely monitoring this week’s U.S. monthly employment report and upcoming commentary from Federal Reserve officials for further clarity on the future direction of monetary policy.
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Summary
On Tuesday, June 2, 2026, the price of Antam gold experienced a significant decrease of IDR 25,000, bringing the rate to IDR 2,774,000 per gram. This decline follows a period of price stability and aligns with a similar drop in the buyback price, which now stands at IDR 2,584,000 per gram.
Global gold prices are currently under pressure, trading below USD 4,500 per troy ounce due to stalled peace negotiations between the United States and Iran. Investors are now closely monitoring U.S. inflation data and Federal Reserve policy expectations as geopolitical tensions continue to influence market sentiment.