JAKARTA, JOURNALARTA.COM – The Antam gold price forecast for Monday, July 22, 2026 points to a range of Rp2,650,000–Rp2,680,000 per gram in the most likely scenario, after Logam Mulia data as of June 20, 2026 recorded the 1-gram price at Rp2,674,670 and global gold remained in a consolidation phase.
This is not the official price. The Antam price only becomes valid after Logam Mulia updates the data on logammulia.com every day at 08:00 WIB. The analysis below is built on two references: the latest Antam LM price and the global XAU/USD trend.
Antam Gold Price as of June 20, 2026
Logam Mulia data at 12:00 WIB on June 20, 2026 serves as the benchmark for this projection. The 1-gram selling price was recorded at Rp2,674,670, down Rp5,013 or about 0.19% from the previous day. The weekly trend was also red: down 1.59%.
| Size | Price/gram | Bullion Price | Buyback |
|---|---|---|---|
| 0.5 gram | Rp2,774,920 | Rp1,387,460 | Rp1,190,000 |
| 1 gram | Rp2,674,670 | Rp2,674,670 | Rp2,580,000 |
| 5 gram | Rp2,629,558 | Rp13,147,788 | Rp12,900,000 |
| 10 gram | Rp2,624,044 | Rp26,240,438 | Rp25,800,000 |
| 25 gram | Rp2,619,011 | Rp65,475,280 | Rp64,500,000 |
| 100 gram | Rp2,616,645 | Rp261,664,530 | Rp258,000,000 |
It is worth noting that the per-gram price for smaller sizes (0.5 gram) is much more expensive than 100 grams because production premiums and printing costs are proportionally higher.
Global Gold Position and Market Context
As of June 21, 2026, global gold (XAU/USD) was trading around $4,155 per troy ounce. That level is far below the peak of $5,594/oz reached in January 2026.
Goldman Sachs projects global gold could reach $5,400/oz by the end of 2026. JPMorgan is even more aggressive at $6,300/oz. But for the short term in July 2026, technical analysis shows a consolidation range of $3,653–$4,009/oz, meaning there is a potential pullback of up to 13% from the May 2026 level before the uptrend resumes.
Antam prices move on two variables: the XAU/USD movement and the rupiah exchange rate against the US dollar. A weaker rupiah pushes Antam higher. A stronger rupiah tempers gains.
3 Scenarios for the July 22, 2026 Price
Moderate scenario (60% probability) Gold holds in the $4,000–$4,200/oz consolidation zone and the rupiah stays relatively stable. Antam is expected to move in the Rp2,650,000–Rp2,680,000/gram range. This implies a slight correction of 0.2%–0.9% from the June 20 price. It is the most realistic outcome based on current trends.
Correction scenario (25% probability) If global gold breaks below the $4,100/oz support, Antam could slide to Rp2,600,000–Rp2,640,000/gram. This level lines up with a psychological support zone that often becomes an accumulation area for buyers.
Rebound scenario (15% probability) A sudden rise in safe-haven sentiment, for example from geopolitical escalation or a sharp rupiah decline, could push Antam to Rp2,700,000–Rp2,730,000/gram. This scenario becomes relevant if global gold tests $4,800–$5,000/oz sooner than expected.
4 Factors That Will Shape Monday Morning Prices
First, the movement in XAU/USD in the early Asian session on Monday is the fastest signal. Second, the rupiah rate at the JISDOR opening and the spot market both matter. Third, Antam’s production premium differs by denomination; smaller pieces are always more expensive per gram. Fourth, Monday seasonality usually brings a pickup in retail physical demand, especially from individual buyers active over the weekend.
Practical Strategy for Investors
For long-term investors, a DCA (dollar-cost averaging) strategy of buying regularly every Monday regardless of the daily price remains more sensible than trying to guess the top and bottom. A 2–5 year horizon gives enough room to absorb short-term volatility.
Short-term traders need to watch the opening price at 08:00 WIB. If Antam opens below Rp2,650,000/gram, that could be an attractive accumulation area, but still with strict risk management, given that prices can change without prior notice.
As for buyback: as of June 20, the 1-gram buyback price stood at Rp2,580,000. The gap between the selling price and the buyback price is around 3.5%–5.6%, depending on size. That spread should be calculated before entering a position with a short horizon.
Note: This analysis is based on Logam Mulia data as of June 20, 2026 and global gold projections. It is not an investment recommendation. The official July 22, 2026 price can only be confirmed on logammulia.com at 08:00 WIB. Consult a financial adviser according to your risk profile before making investment decisions.
To monitor real-time prices, you can also visit: https://journalarta.com/en/tools/indonesia-gold-price-chart/
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