Antam Gold Price Forecast for Monday, July 22, 2026: Slight Pullback Possible
Antam gold price forecast points to a slight pullback on July 22, 2026, with the likely range at Rp2.65 million–Rp2.68 million per gram.
JAKARTA — Antam gold price forecast for Monday, July 22, 2026 points to Rp2,650,000–Rp2,680,000 per gram in the most likely scenario, after Logam Mulia data on June 20, 2026 recorded the 1-gram price at Rp2,674,670 and global gold remained in a consolidation phase.
The figure is not official. Antam’s daily price only becomes valid after Logam Mulia updates logammulia.com at 08:00 WIB, and that opening print often moves fast when global gold and the rupiah shift before the market settles.
Latest Antam gold price on June 20
Logam Mulia’s June 20, 2026 data showed the 1-gram selling price at Rp2,674,670, down Rp5,013, or about 0.19%, from the previous day. On a weekly basis, the price was also in the red, falling 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 |
Smaller bars stay more expensive per gram. A 0.5-gram bar carries a much higher premium than a 100-gram bar because production and printing costs weigh more heavily on tiny denominations. That spread matters for retail buyers who often look only at the headline price and miss the cost difference between sizes.
Global gold price stays in a tight range
As of June 21, 2026, global gold, or XAU/USD, traded around $4,155 per troy ounce. That was well below the January 2026 peak of $5,594 per ounce, which marked the high point of the latest rally.
Goldman Sachs has projected global gold could reach $5,400 per ounce by the end of 2026. JPMorgan’s estimate is higher, at $6,300. For July, though, short-term technical readings point to a consolidation band of $3,653 to $4,009 per ounce, a sign the market could still face a pullback of as much as 13% from the May 2026 level before any fresh uptrend takes hold.
Antam tracks two main variables: movements in XAU/USD and the rupiah exchange rate against the US dollar. When the rupiah weakens, local gold prices tend to rise faster. When the rupiah strengthens, Antam’s gains can slow or even flatten, even if world gold holds steady.
What the July 22 price could look like
In the moderate scenario, which carries the highest probability, global gold stays near the $4,000–$4,200 range and the rupiah remains relatively stable. Under that setup, Antam is expected to move in the Rp2,650,000–Rp2,680,000 per gram band. That would mean a mild correction of roughly 0.2% to 0.9% from the June 20 reference price.
The correction scenario puts the price lower. If world gold breaks below the $4,100 support area, Antam could slip to Rp2,600,000–Rp2,640,000 per gram. Traders often watch that zone closely because it can attract buyers looking for a cheaper entry.
The rebound scenario depends on a clear jump in safe-haven demand, such as geopolitical tensions or a sharp drop in the rupiah. In that case, Antam could climb to Rp2,700,000–Rp2,730,000 per gram if global gold retests the $4,800–$5,000 area sooner than expected.
Why this matters for buyers in Indonesia
For Indonesian consumers, the forecast matters because it shapes the weekend-to-Monday decision window. Retail buyers often compare Antam prices before the opening update at 08:00 WIB, and even a small move of a few thousand rupiah per gram changes the total bill for 5-gram or 10-gram bars.
The buyback gap also matters. On June 20, the 1-gram buyback price stood at Rp2,580,000. The spread between selling and buyback prices was around 3.5% to 5.6%, depending on the size. That gap can eat into short-term gains, especially for buyers who plan to resell quickly rather than hold for years.
For that reason, the forecast leans on a simple message: Monday’s opening price will likely follow the global tone, not create a fresh trend on its own. If gold holds near its current range and the rupiah stays calm, the market looks set for a slight pullback rather than a sharp break.
As of June 20, 2026, the official 1-gram buyback price remained Rp2,580,000, and that figure will be one of the first numbers traders watch when Logam Mulia updates the new price at 08:00 WIB on Monday morning.
