OJK Reveals Gold Transactions For Bulion Business Activities Reach 5.31 Tons As Of April 2025

JAKARTA - The Financial Services Authority (OJK) noted that the Bulion business activities had recorded a total gold transaction of 5.31 tons until April 2025.

Chief Executive of the Supervision of Financing Institutions, Ventura Capital Companies, Micro Financial Institutions, and Other Financial Services Institutions (PVML) OJK Agusman explained that the total gold transactions in April 2025 came from all four bulion business activities, namely gold deposits, corporate gold deposits, gold capital loans. gold work, and gold trading.

"As of April 2025, PT Pegadaian's Bulion business activities consisted of 1.06 tons of Golden Deposit, 2.95 tons of Corporate Gold Deposit, and 150 kg of Gold Working Capital Loans, and Gold Trading with a sale and purchase transaction volume of 1.15 tons," he explained in a written statement, Thursday, June 5.

He said that the implementation of Bulion business activities by the Financial Services Institution (LJK) is regulated in the Financial Services Authority Regulation (POJK) Number 17 of 2024 concerning the Implementation of Bulion Business Activities, which requires, among others, capital, institutions, and management.

In addition, Agusman said that strong capital is needed, among others, to provide infrastructure and to maintain financial system stability and protect consumers.

Meanwhile, regarding the formation of the National Gold Council, Agusman said that the institution's formation was still under investigation.

"Currently, the National Gold Council is still under investigation. In the concept, the Gold Council will consist of various institutions related to the national Bulion ecosystem," he said.

He said that based on the P2SK Law, OJK will regulate and supervise the implementation of Bulion business activities carried out by the Financial Services Institution (LJK).

"OJK is also preparing a Roadmap for the Development and Strengthening of Bulion Business Activities in Indonesia which is expected to provide an overview of the vision of bullion activities in Indonesia, the targets, strategies and work programs that will be carried out to achieve the expected end state," he said.

Agusman conveyed that the protection and security of Bulion customers requires an effective risk management mechanism.

"Based on POJK 17/2024, LJK, Bulion Business Activity Organizers are asked to implement Risk Management in carrying out Bulion Business Activities, which are carried out in accordance with POJK regarding the implementation of Risk Management for related sectoral LJK," he concluded.