Jakarta, Pintu News – Gold prices are still an attractive hedging instrument amid global market volatility and crypto. Interestingly, today’s gold price movement shows contrasting dynamics.
Based on monitoring from HargaEmas.com, global spot gold prices have plummeted, while Antam gold prices have continued their upward trend. This phenomenon is important for investors to understand, whether in the stock market, precious metals or cryptocurrencies.

Based on data from HargaEmas.com as of November 14, 2025 at 19:10 WIB, the global spot gold price is at USD 4,133.10 per troy ounce, a sharp decline of USD 67.90 compared to the previous day. If converted using an exchange rate of IDR 16,669/USD, the price is equivalent to around IDR 68,922,939 per ounce. This price drop reflects the market’s response to global macroeconomic pressures and the potential strengthening of the US dollar.
In addition to spot prices, the dollar exchange rate against the rupiah also influenced the conversion of domestic gold prices. The USD/IDR exchange rate was recorded at IDR16,722.54, experiencing a slight correction of IDR0.04. This means that although the spot price weakened, the price of gold in rupiah did not necessarily fall drastically, because the exchange rate conversion also played a balancing role.
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Despite the weakening world gold price, the trend of Antam’s gold bullion price shows consistent strengthening. Based on the daily movement chart at HargaEmas.com, the price of Antam gold on November 14, 2025 was recorded at IDR 2,398,000 per gram, up slightly from IDR 2,396,000 per gram the day before. This increase extends the bullish trend since early November, where prices have risen by more than IDR 138,000 since the November 5 lows of IDR 2,260,000.
Antam’s price increase is likely driven by strong domestic demand as well as limited supply factors. In addition, domestic investors tend to seek hedge assets amid volatility in the crypto and stock markets. Based on the weekly price chart data, this uptrend has not shown any sign of significant weakening, which suggests market sentiment towards physical gold is still positive.

The divergence between international spot gold prices and domestic Antam gold prices indicates a difference in price-determining forces. Spot gold is directly influenced by global sentiment, including inflation data, interest rates, and the US dollar exchange rate. Meanwhile, Antam prices are more reflective of local dynamics, including retail investor demand, supply availability, and long-term hedging sentiment.
According to market analysts from HargaEmas.com, this condition can be utilized by traders as an arbitrage opportunity or portfolio strengthening. For investors in the cryptocurrency sector, gold remains an alternative asset for risk diversification. Like Bitcoin (BTC) and Ethereum (ETH), gold acts as a safe haven asset, albeit with much lower volatility than crypto instruments.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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