Peningkatan Permintaan Emas Picu Kenaikan HPE dan HR Emas Periode II Agustus 2026
Gold Prices Rise as Demand Surges; Malaysia Market Impact Expected
Source: Ministry of Trade Indonesia · August 16, 2026 at 7:03 PM · AI-assisted report
KUALA LUMPUR, 17 AUGUST 2026 —
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Gold Prices Rise as Demand Surges; Malaysia Market Impact Expected
Market Impact
KUALA LUMPUR, Aug 15 (Reuters) – Indonesia’s Ministry of Trade has raised the country’s gold export benchmark price (HPE) and reference price (HR) for the second half of August 2026, citing increased global demand driven by shifting investor preferences.
The HPE for gold was set at USD 131,777.67 per kilogram, up 0.65% from USD 130,921.50 in the first half of the month. Meanwhile, the HR for gold rose to USD 4,098.75 per troy ounce from USD 4,072.12. The adjustments were formalized under Minister of Trade Decision No. 1716/2026, effective from Aug 15 to 31.
The increase follows a decline in global benchmark interest rates, reducing the attractiveness of fixed-income instruments such as deposits. Investors have shifted capital toward gold as a hedge against inflation and currency depreciation, tightening supply and lifting prices. The London Bullion Market Association (LBMA) data also showed a 0.65% rise in gold prices during the assessment period.
Malaysian gold traders and refiners are expected to monitor the new Indonesian benchmarks, which may influence regional pricing trends. Analysts suggest that sustained global demand, coupled with limited supply, could keep upward pressure on gold prices in the near term. Further policy adjustments by major central banks may also shape market sentiment.
Details not yet available on how Malaysian gold importers or exporters will adjust to the new Indonesian reference prices.