Indonesia's Gold Demand Soars 40 Percent in Q2 2026

The World Gold Council reported that Indonesia's gold demand surged by 40 percent year-on-year in Q2 2026. Total demand for gold bars and coins reached 14.5 tons during this period, up from 10.4 tons in the same quarter last year. Shaokai Fan, Head of Asia-Pacific at the World Gold Council, noted that Indonesia was among the world's top-performing gold investment markets despite a slowdown in global gold prices.

The domestic gold bar price in Indonesia has trended downward over the past six months, aligning with a broader correction across global bullion markets. According to Logam Mulia, the Antam gold price stood at Rp2,603,000 per gram on August 2, 2026, down from its peak of Rp3,168,000 in January.

Shaokai Fan attributed the continued high demand for gold in Indonesia to a shift in investor behavior. 'Rather than simply reacting to short-term price fluctuations, more and more investors view gold as a strategic asset for the long term,' he said. Louise Street, Senior Markets Analyst at the World Gold Council, added that global gold prices entered a consolidation phase after pulling back from historic highs.