Indonesia launches first gold ETF to expand bullion market
Indonesia holds the world's sixth-largest gold reserves, estimated at around 2,600 tonnes.
Indonesia has introduced its inaugural gold exchange-traded fund (ETF), signaling an expansion of the nation's bullion market, according to official reports. The Indonesia Stock Exchange (IDX) initiated this physical gold-backed ETF, with the aim of bolstering the country's bullion ecosystem and fostering financial inclusion. Authorities have hailed the move as a strategic step toward their ongoing capital market reform objectives, which include enhancing liquidity and deepening the overall market.
Speaking at the launch, Deputy Finance Minister Juda Agung emphasized that this development is part of broader efforts to strengthen the country's financial infrastructure. He highlighted the global surge in demand for gold ETFs, noting that as of 2025, these funds managed a total of US$559 billion, backed by 4,025 tonnes of physical gold.
Deputy Finance Minister Agung underscored that this milestone marks the beginning of a broader trend, with the bullion market set to expand further and the capital market deepening, ultimately providing investors with a more diverse range of gold investment options. Coordinating Economy Minister Airlangga Hartanto echoed these sentiments, expressing optimism that Indonesia's gold reserves will continue to grow, potentially surpassing those of countries such as Singapore and India, following the introduction of the gold ETF.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
