Indonesia · IDR · September 2022
Gold Price in Indonesia — September 2022
In September 2022, the gold price in Indonesia closed at approximately Rp25,965,959 per troy ounce, equivalent to Rp9,737,391 per tola or Rp834,824 per gram. This represents a -1.33% change on the month (Rp26,315,423 open → Rp25,965,959 close).
Open
Rp26,315,423
per troy ounce
Close
Rp25,965,959
per troy ounce
High
Rp26,950,360
per troy ounce
Low
Rp25,383,519
per troy ounce
All unit prices at September 2022 close — Indonesia
| Unit | Weight | Closing IDR price |
|---|---|---|
| Troy ounce | 31.1035 g | Rp25,965,959 |
| Gram | 1.0000 g | Rp834,824 |
| 10 grams | 10 g | Rp8,348,243 |
| Kilogram | 1,000 g | Rp834,824,342 |
| Tola | 11.664 g | Rp9,737,391 |
Karat-purity breakdown at September 2022 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KINDONESIA STD | Rp833,990 | Rp9,727,654 |
| 22K | Rp764,699 | Rp8,919,450 |
| 21K | Rp730,471 | Rp8,520,217 |
| 18K | Rp626,118 | Rp7,303,043 |
| 14K | Rp488,372 | Rp5,696,374 |
| 10K | Rp348,122 | Rp4,060,492 |
Daily gold price in IDR — September 2022
September 2022 gold market: Multi-year lows as the dollar peaks
BearishThe year's low, driven by a 20-year-high dollar.
Gold sank to its 2022 low around $1,620 in September as the US Dollar Index climbed above 114 — a 20-year high — and the Fed hiked 75 points for a third straight meeting. Dollar strength, not gold weakness, did most of the damage.
What drove gold in September 2022
- third straight +75bp Fed hike
- US Dollar Index above 114 (20-year high)
- global currency stress
- UK gilt crisis spillover
Key events in September 2022
- Sep 21Fed hikes 75bp again; gold heads to ~$1,620
- Sep 28Dollar peaks near 114 as UK bond market wobbles
What happened next
As the dollar peaked, gold staged a powerful rebound from November onward.
For gold buyers in Indonesia
September was gold's 2022 bottom in dollars — a reminder that a soaring dollar can mask gold's resilience in almost every other currency.
Related months to read
The 2022 gold market: Russia sanctions and a paradigm shift
Russia invaded Ukraine on February 24, 2022. G7/EU froze $300 billion of Russian central-bank reserves — the most consequential monetary event since 1971. Central-bank gold buying hit a record 1,082 tonnes (highest ever). Year close: $1,824 despite Fed's aggressive tightening.
Key drivers in 2022
Russia sanctions, central-bank reserve freezing, Fed hikes to 4.5%, gold's structural role redefined
2022 XAU/USD high
$2,070 (Mar)
2022 XAU/USD low
$1,621 (Sep)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Indonesia gold market
Indonesia's retail gold market quotes per gram. PT Aneka Tambang (Antam) is the state-owned mint whose certified bars dominate the investment-grade segment. Most retail jewellery is 22K or 24K. Indonesia exempts investment gold from VAT but applies it to jewellery making charges.
Standard quote unit
gram
Common purity
24K
Currency
IDR (Rp)
Daily gold price — September 2022, Indonesia
Rp26,315,423
$1,694.30/oz
Rp26,598,101
$1,712.50/oz
Rp26,649,977
$1,715.84/oz
Rp26,574,803
$1,711.00/oz
Rp26,444,336
$1,702.60/oz
Rp26,445,890
$1,702.70/oz
Rp26,549,952
$1,709.40/oz
Rp26,612,079
$1,713.40/oz
Rp26,950,360
$1,735.18/oz
Rp26,813,992
$1,726.40/oz
Rp26,480,059
$1,704.90/oz
Rp26,464,528
$1,703.90/oz
Rp26,234,658
$1,689.10/oz
Rp25,855,684
$1,664.70/oz
Rp26,093,552
$1,680.02/oz
Rp25,855,684
$1,664.70/oz
Rp25,847,918
$1,664.20/oz
Rp25,965,959
$1,671.80/oz
Rp25,967,512
$1,671.90/oz
Rp25,527,964
$1,643.60/oz
Rp25,624,882
$1,649.84/oz
Rp25,524,858
$1,643.40/oz
Rp25,383,519
$1,634.30/oz
Rp25,661,537
$1,652.20/oz
Rp25,701,919
$1,654.80/oz
Rp25,965,959
$1,671.80/oz
How Indonesia gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The IDR/USD exchange rate comes from exchangerate-api.com's 2022 year-end snapshot.
Conversion. Every IDR figure on this page is computed as XAU/USD price × IDR/USD rate. We use the year-end exchange rate consistently across all September 2022 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Indonesia, add the country-specific levies described in the “Indonesiagold market” section above.
FAQ — Indonesia gold price in September 2022
What was the gold price in Indonesia in September 2022?
In September 2022, gold in Indonesia opened at Rp26,315,423/oz and closed at Rp25,965,959/oz — a move of -1.33% on the month. Per tola: ≈Rp9,737,391; per gram: ≈Rp834,824; per 10g: ≈Rp8,348,243.
What was the 24K gold rate per tola in Indonesia in September 2022?
The 24K gold rate per tola in Indonesia at the September 2022 close was approximately Rp9,737,391, derived from international XAU/USD spot of $1,671.80/oz times the 2022-end IDR/USD exchange rate of 15,531.7376. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Indonesia in September 2022?
Indonesia's most-quoted retail standard is 24K per gram. At the September 2022 close, that worked out to approximately Rp833,990 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
IDR prices on this page are computed from the verified international XAU/USD spot price for September 2022 (sourced from gold-api.com), multiplied by the 2022-end IDR/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The Rp figures here represent the international gold spot price converted to IDR at the 2022-end exchange rate. Indonesia's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Indonesia? See live gold prices in Indonesia with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2022 archive or the USD-only September 2022 page with the country-by-country list at the bottom.
Other markets? Compare September 2022 prices across other major gold-trading countries: Malaysia, Singapore, Thailand, Philippines, Vietnam, Australia.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to IDR at the 2022-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Indonesia before transacting.