Bullion Bank’s Impacts on Downstream Gold Sector

Monday, March 10, 2025

The presence of the bullion bank is expected to boost domestic gold downstreaming. It is a measure to prevent gold from flowing abroad.

arsip tempo : 174584540635.

President Prabowo Subianto, accompanied by Coordinating Minister for Economic Affairs Airlangga Hartarto (second left), Minister of State-owned Enterprises Erick Thohir (second right), President Director of Pegadaian Damar Latri Setiawan (right), and President Director of Bank Syariah Indonesia Hery Gunardi (left) insert gold bars into a box during the inauguration of the Gold Bank Service of Pegadaian and Bank Syariah Indonesia at The Gade Tower, Jakarta, February 26, 2025. Tempo/Imam Sukamto. tempo : 174584540635.

TOGETHER with two ministers and the Chief Executive Officers (CEOs) of two state-owned enterprises (SOEs), President Prabowo Subianto placed an object resembling a gold bar into a storage box. The moment, which took place at The Gade Tower in Central Jakarta on Wednesday, February 26, 2025, marked the launch of the bullion banking services by state-owned pawnbroker Pegadaian and Bank Syariah Indonesia (BSI). This is Indonesia’s first g

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