Business · Energy & Commodities · 11 hrs ago
Indonesia Seeks to Expand Its Gold Industry Beyond Jewellery
Indonesia produced 104 tonnes of gold in 2025, placing it 10th among gold-producing countries worldwide.
Gold in the country is mostly used for jewellery and as a reserve, but it can also support electronics and semiconductor production.
The government wants key materials for domestic manufacturing to be available locally, including gold, to encourage investors to build factories in Indonesia.
The government has also formed the Indonesia Bullion Market Association to connect industry players and regulators and provide a place for collaboration.
A gold industry award event is scheduled for 3 November 2026 to recognise businesses that help develop Indonesia’s gold ecosystem.
Before the awards, a discussion is planned on Indonesia’s investment climate, especially the stock market.
Indonesia is seeking to develop its gold industry beyond traditional uses such as jewellery and foreign-exchange reserves.
Gold can also be used in modern electronics, including as a supporting material in semiconductor production.
Indonesia produced 104 tonnes of gold in 2025, ranking 10th globally, according to the World Gold Council.
The Investment Ministry and Investment Coordinating Board aim to make raw materials for domestic downstream industries, including gold, available within Indonesia.
The government recently established the Indonesia Bullion Market Association to connect industry participants and regulators and support collaboration.
CNBC Indonesia plans to recognise businesses supporting the gold ecosystem at an event on November 3, 2026.
- Who
- Indonesia’s government and businesses involved in the gold industry. CNBC Indonesia is also holding an awards event.
- What
- Indonesia is seeking to expand gold use beyond jewellery and reserves, including into electronics and semiconductor production.
- When
- The article was published on October 30, 2026. The awards event is scheduled for November 3, 2026.
- Where
- Indonesia.
- Why
- The government aims to make raw materials for downstream industries available domestically and encourage global investors to establish manufacturing facilities in Indonesia.
This story does not have two clearly opposing sides.
Indonesia produced 104 tonnes of gold, according to the World Gold Council.
The government established the Indonesia Bullion Market Association.
CNBC Indonesia published an article about opportunities to develop Indonesia’s gold ecosystem.
CNBC Indonesia is scheduled to hold its Road to CNBC Indonesia Award 2026 event for the Best Gold Ecosystem.
- Gold production
- 104 tonnes in 2025
- Global ranking
- 10th in the world for gold production in 2025
- New association
- Indonesia Bullion Market Association (IBMA)
- Awards event
- Road to CNBC Indonesia Award 2026, Best Gold Ecosystem
- Event date
- November 3, 2026, at 15:30 WIB