JAKARTA – The gold business of PT Bank Syariah Indonesia Tbk (BRIS) has recorded significant growth, driven by the rising price of gold and the convenience of digital services through the BYOND app.

As of January 2025, BRIS's gold instalment product reached IDR 6.44 trillion, up 174.32% year-on-year (yoy).

“The combination of the upward trend in gold prices and BSI’s easy-to-use digital services has been the main driver of growth in the gold business,” said Anton Sukarna, Director of Sales & Distribution at BSI, in a press release on Tuesday (25/2).

According to data collected by IDNFinancials.com, the price of Aneka Tambang (Antam) gold rose by 10.72% year-to-date (ytd) or since the beginning of this year, reaching IDR 1,707,000 per gram as of Tuesday (25/2).

Additionally, Anton noted that the bullion bank business licence has further supported the gold instalment product and strengthened BRIS’s position in the gold market.

BRIS has also expanded its BSI Gold instalment product network through partnerships with PT Hartadinata Abadi Tbk (HRTA) and PT Aneka Tambang Tbk (ANTM). (VA/DH/KR/ZH)