Antam Gold Price and Three Pawnshop Brands Rise Together on Friday
Translated from Indonesian, summarized and contextualized by DistantNews.
At a glance
- The price of Antam gold in Indonesia increased by Rp 11,000 per gram on Friday, reaching Rp 2,651,000.
- The buyback price for Antam gold also rose to Rp 2,400,000 per gram.
- Tax regulations apply to gold sales and buybacks, with different rates for holders and non-holders of tax identification numbers.
The price of Antam gold in Indonesia saw a notable increase on Friday, with the latest price from the Logam Mulia website in Jakarta showing a rise of Rp 11,000 per gram. The new price stands at Rp 2,651,000, up from Rp 2,640,000.
Alongside the increase in the main gold price, the buyback price for Antam gold also climbed to Rp 2,400,000 per gram. However, prices for Antam gold bars are subject to change.
Transactions involving gold sales are subject to specific tax regulations under PMK Number 34/PMK.10/2017. For buyback transactions exceeding Rp 10 million, a 1.5% income tax (PPh Pasal 22) is applied to individuals with a tax identification number (NPWP), while non-NPWP holders face a 3% tax. This tax is deducted directly from the total buyback value.
For purchases of gold bars, a PPh Pasal 22 tax of 0.45% is applied to NPWP holders and 0.9% to non-NPWP holders. Each purchase includes proof of PPh Pasal 22 deduction.
Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.