Treasury & Capital Markets
Indonesia fires ETF broadside in Asia’s intensifying gold rivalry
Domestic market connects physical bullion, banking, Islamic finance and exchange-traded securities
Tom King
12 Aug 2026
Indonesia has launched its first physically backed gold exchange-traded fund ( ETF ), creating a bridge between the country’s growing bullion ecosystem and its capital markets by giving investors exposure to gold without the complications of storing the metal themselves. The new product is also Shariah-compliant, widening its appeal in the world’s largest Muslim-majority economy.