Gold can reach Rp94 million per 100 grams? Analysts Forecast New Records Amid US-Iran War

Jakarta, Pintu News – Gold prices are back in the spotlight after analysts predict a potential significant surge amid the escalation of the United States and Israel’s conflict with Iran. In an extreme scenario, gold is expected to re-test the level of USD 5,500-5,600 per ounce. With an exchange rate of 1 USD = IDR 16,835, the price of USD 5,600 is equivalent to around IDR 94,276,000 per ounce or per 31.1 grams.

1. Target USD 5,600 = Approximately IDR 94.2 Million per Ounce

Market analysts say gold has the potential to rise towards USD 5,500-5,600 if safe haven demand surges. If converted, USD 5,500 is equivalent to around IDR 92,592,500, while USD 5,600 is equivalent to IDR 94,276,000. This level is close to or even surpasses the previous record high.

The price surge was triggered by rising geopolitical uncertainty in the Middle East. Global investors tend to seek hedge assets when the risk of war increases. Under these conditions, gold is usually the first choice.

Also Read: 5 Important Things About Gold Bullion, the Most Solid Safe Haven Instrument Other Than Crypto!

2. Safe Haven Demand Could Explode

The US-Iran conflict is considered to strengthen the appeal of gold as a defensive asset. Analysts estimate that the market opening at the beginning of the week has the potential to experience a gap-up due to a surge in demand. Uncertainty over the duration of the conflict is the main factor of volatility.

In addition to geopolitical factors, the release of US economic data such as retail sales and non-farm payroll also has the potential to affect prices. If economic data weakens, expectations of monetary easing could push gold higher. This combination of geopolitics and macro creates a complex dynamic.

3. US Dollar and Oil Prices are a Cushion

Although the outlook for gold looks positive, a strengthening US dollar could limit gains. If oil prices spike sharply due to supply disruptions, inflationary pressures could push the dollar higher. This condition usually suppresses gold rallies.

The relationship between gold, the dollar and oil often affects each other. Excessive oil rises can trigger global inflation concerns. Investors then weigh between inflation hedging and the risk of a strengthening US currency.

4. High Volatility Expected to Continue

Analysts expect gold and silver prices to remain highly volatile in the next few days. The initial movement may be positive, but a retracement may occur if the situation eases. The short-term direction largely depends on the development of the conflict.

Stock markets and risk assets are expected to come under pressure if tensions escalate. In such a scenario, gold will be the main destination for defensive fund flows. However, if tensions ease quickly, the rally could be curbed.

5. Implications for Indonesian Investors

If the world gold price does touch USD 5,600, the impact on the domestic market will be significant. Assuming the exchange rate stabilizes at IDR 16,835, the high global gold price will be reflected in the price of gold bars in the country. This increase has the potential to drive a new record in the local market.

For investors, periods of high volatility require disciplined risk management. Diversification and monitoring geopolitical developments are key in dealing with price fluctuations. In light of the global crisis, gold has reaffirmed its role as a key hedging asset.

Overall, the outlook for gold in the short term is likely to be positive as long as geopolitical uncertainty persists. However, the strengthening of the dollar and stabilization of the situation may limit the rally. Investors are advised to stay alert to changes in global sentiment.

Also Read: 5 Advantages of Pegadaian Gold Deposit

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.

Enjoy an easy and secure crypto trading and crypto gold investment experience by downloading the Pintu crypto app via Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro.

*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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash beforeinvesting. All activities of buying and selling Bitcoin (BTC) and other crypto asset investments are the responsibility of the reader.

Reference

• Global Desk/The Economic Times. Gold price prediction: Gold rate to hit record highs or there will be volatile phase? Check Bullion experts’ comments. Accessed on March 2, 2026.