Antam is trading at IDR 2,670 (-4.64%) on October 29, 2026; Indonesian market and gold-price pressures are plausible context, not confirmed direct causes. - IHSG closed down 3.49%; global gold fell 0.91%, and Antam’s retail gold price dropped Rp 11,000 to Rp 2,559,000 per gram. - No clear negative company-specific announcement was reported; nine-month net profit rose 46% year over year. - The supplied crypto-market decline is not a relevant driver for Antam.