Swan.my.id - Jakarta, the Antam gold price fell by Rp10,000 per gram during trading on Monday, September 21, 2026. The price of certified gold bars from PT Aneka Tambang Tbk (ANTM), sold through Logam Mulia, stood at Rp2,628,000 per gram.
The latest price declined from Rp2,638,000 per gram recorded previously. At the same time, the Logam Mulia buyback price also dropped by Rp10,000 per gram.
Logam Mulia set the buyback price at Rp2,463,000 per gram, down from Rp2,473,000 per gram. As a result, the difference between the purchase price and the buyback value reached Rp165,000 per gram.
Antam Gold Price and Buyback Value
Antam applies two important prices for its gold bars. The first is the selling price, which buyers pay when they purchase gold from a Logam Mulia outlet. The second is the buyback price, which applies when owners sell their gold back to the outlet.
On Monday, buyers had to pay Rp2,628,000 for every gram of Antam gold. However, an owner who sold the same gold back to Logam Mulia would receive Rp2,463,000 per gram based on the applicable buyback price.
Therefore, buyers need to understand the difference between these two prices before making an investment decision. The purchase price does not automatically represent the amount an investor will receive when selling the gold.
Spread Reaches Rp165,000 per Gram
The Rp165,000 difference represents the spread between the Antam gold selling price and its buyback price. Investors need to include this spread when calculating potential returns from gold ownership.
For example, someone who buys gold and sells it again shortly afterward may receive less than the original purchase value. The market price would need to rise sufficiently before the investment could cover the initial difference between the two prices.
Because of that, investors should avoid assessing gold returns only by looking at the selling price. They also need to monitor the buyback value that applies when they plan to sell.
Gold Investment Suits a Long-Term Strategy
The wide gap between the purchase price and the buyback price means that physical gold is more suitable for long-term investment. Investors generally expect a significant rise in gold prices over time to cover the spread and potentially generate a profit.
Short-term sellers face a greater risk of recording a loss if the gold price has not increased enough to offset the Rp165,000 difference. Consequently, investors should consider their investment horizon before purchasing gold bars.
Antam gold prices can change, while the buyback value may also move in the same or a different direction. Monitoring both figures helps investors calculate their potential profit or loss more accurately.
Why Investors Must Check Both Prices
The two-price system plays an important role in physical gold investment. The selling price shows the initial capital requirement, while the buyback price indicates the value an investor may receive when selling through Logam Mulia.
By checking both prices, investors can avoid mistaken return calculations. This approach also helps them understand why gold investment usually requires patience and a long-term perspective.
On September 21, 2026, the Antam gold price stood at Rp2,628,000 per gram, while the buyback price reached Rp2,463,000 per gram. The resulting Rp165,000 spread remains a key consideration for anyone planning to invest in Antam gold bars.
