Antam Gold Price Drops by Rp25,000 per Gram to Rp2.774 Million
Translated from Indonesian, summarized and contextualized by DistantNews.
At a glance
- The price of Antam gold bars decreased by Rp25,000 per gram to Rp2,774,000.
- The buyback price also fell to Rp2,584,000 per gram.
- Transaction taxes apply to both gold purchases and buybacks, with rates varying for NPWP holders and non-NPWP holders.
The price of Antam gold bars experienced a decline of Rp25,000 per gram on Tuesday, settling at Rp2,774,000. This marks a decrease from the previous price of Rp2,799,000 per gram. The buyback price for Antam gold also saw a reduction, now standing at Rp2,584,000 per gram.
Antam's gold prices are subject to market fluctuations and can change at any time. Transactions involving gold purchases and buybacks are subject to specific tax regulations outlined in Finance Minister Regulation (PMK) Number 34/PMK.10/2017. For buyback transactions exceeding Rp10 million, a 1.5% Income Tax (PPh) is applied to those with a Taxpayer Identification Number (NPWP), while non-NPWP holders face a 3% tax.
When purchasing gold bars, a PPh Pasal 22 tax of 0.45% is levied on NPWP holders and 0.9% on non-NPWP holders. Each purchase transaction includes a PPh 22 withholding tax receipt. The article also lists the latest prices for various Antam gold bar weights, from 0.5 grams to 1,000 grams.
Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.