JAKARTA - Gold prices on the global and domestic markets hit record highs on Saturday (29/3) today, ahead of Eid al-Fitr or Lebaran 2025.

The world gold price on the spot market today touched US$3,086.80 per ounce, up nearly 2.5% since the beginning of this week. On Monday (24/3) yesterday, the gold price was still at US$3,012.27 per ounce.

Meanwhile domestically, the price of gold at Precious Metal boutiques owned by Aneka Tambang (Antam) reached Rp1,806,000 today. Since the beginning of the week, Antam's gold price has risen 2.32%.

Since the beginning of this year, the world gold price has shot up by more than 16%. Meanwhile, Antam's gold price jumped 18.51%.

Please note, Eid al-Fitr 2025 in Indonesia will take place on 31 March 2025, according to an official statement from the Ministry of Religious Affairs.

As IDNFinancials.com previously reported, gold prices are projected to continue to rise to US$3,100 per ounce by the end of this year. The projection from Goldman Sachs is supported by strong demand for gold from a number of central banks, following high geopolitical uncertainty in the world. (KR/LM)