5 Gold Jewelry Price Predictions Ahead of Eid

Jakarta, Pintu News – Buying gold jewelry has been a long-standing tradition in Indonesia ahead of Eid al-Fitr, serving as both a holiday adornment and a strategic investment for Holiday Allowance (THR) funds. As Ramadan 1447 H approaches in 2026, gold price movements are showing aggressive dynamics amidst ongoing global economic uncertainty.

Here are 5 gold jewelry price predictions leading up to Eid 2026 according to Gemini AI:

1. Surge in Domestic Demand Driven by THR Funds

Historically, the demand for physical gold in Indonesia reaches its peak during the period between Ramadan and Eid al-Fitr. This phenomenon is driven by the distribution of the Holiday Allowance (THR), which significantly boosts consumer purchasing power as people shop for jewelry to complement their outfits for the mudik (homecoming) season.

Analysts project that this high retail demand could trigger price hikes at local jewelry stores. These increases are typically influenced by tightening supply levels and trade margins that adjust to the intense interest of the domestic market.

2. Global Sentiment Approaching New Psychological Levels

On the international stage, world gold prices are projected to continue hitting new all-time highs throughout the first quarter of 2026. Several global financial institutions, such as Goldman Sachs and UBS, have even targeted spot gold prices reaching US$4,900 to US$5,000 per troy ounce.

If these global targets are met, the price of gold jewelry in Indonesia will be significantly driven upward. Antam’s gold bullion prices are predicted to stabilize above Rp2.9 million to Rp3 million per gram, which will automatically raise the retail price of jewelry across various karat levels.

3. The Impact of the Rupiah Exchange Rate on Local Prices

Gold prices in Indonesia are heavily dependent on the Rupiah’s exchange rate against the US Dollar. Amidst global de-dollarization trends, Rupiah fluctuations serve as a deciding factor in whether local gold prices will skyrocket even higher than global spot prices.

Should the Rupiah face pressure or hover in the range of Rp16,500–Rp16,900 per USD, the price of 24-karat gold jewelry in the retail market is predicted to break Rp2.5 million per gram. This condition requires buyers to be more vigilant in monitoring exchange rates before finalizing their transactions.

4. Geopolitical Tensions as a Safe Haven Driver

Entering mid-2026, geopolitical tensions in several regions remain the primary motor for investors shifting toward safe-haven assets. Gold is considered the strongest fortress against persistent global inflation and political uncertainty in major economies like the United States.

Market fear often causes gold prices to “take flight” within a very short period. For those intending to buy jewelry for Eid, these external factors must be monitored closely, as they could cause prices to surge unexpectedly in the middle of the fasting month.

5. Potential for a Healthy Technical Correction Before the Holiday

While the long-term trend remains bullish, experts note the potential for a technical correction or a temporary price dip during mid-Ramadan. This phenomenon is often utilized by savvy investors as a “golden moment” to buy before prices soar again just days before Eid.

Latest data indicates that at the start of Ramadan 1447 H (February 2026), prices experienced a slight decline following a long rally. This stabilization period is predicted to be the final opportunity for buyers to secure more competitive rates before the final price surge in late March.

Gold-Based Crypto: When Physical Assets Meet Crypto Technology

As blockchain technology develops, gold can now be owned not only in physical form such as jewelry or bars, but also in digital form through gold-based crypto assets.

One of the most popular is Tether Gold (XAUt), a physical gold-backed ERC-20-based stablecoin, where 1 token represents 1 troy ounce of pure gold. The gold is stored in vaults in Switzerland and each token is directly linked to certified gold bullion. The system uses automated algorithms to efficiently manage the allocation of gold and Ethereum addresses.

XAUt tokens are available and traded on various crypto exchanges. XAUt is also an attractive alternative for those looking to hedge against inflation or global economic uncertainty, while remaining within the digital asset ecosystem.

Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price through Pintu Market.

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*Disclaimer

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 and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Gemini AI
• Featured Image: Radar Banyumas