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🇮🇩 Indonesia /Economy & Trade

Antam Gold Prices Surge to Rp 2.729 Million Per Gram

From Tempo · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News From a news agency Context piece
  • The price of Antam gold bars has increased by Rp 18,000 to Rp 2,729,000 per gram.
  • The buyback price for Antam gold has also risen to Rp 2,500,000 per gram.
  • Transaction taxes apply based on tax regulations, with different rates for holders and non-holders of a Taxpayer Identification Number (NPWP).

The price of gold bars issued by PT Aneka Tambang (Antam) has seen a significant increase, rising by Rp 18,000 to reach Rp 2,729,000 per gram. This marks a notable jump from the previous price of Rp 2,711,000 per gram.

The surge in gold prices extends to the buyback rate, which has also been adjusted upwards. According to information from the Logam Mulia website in Jakarta, the buyback price for Antam gold is now set at Rp 2,500,000 per gram, reflecting the upward trend in the precious metal's value.

Antam's gold prices are subject to change, and transactions involving the sale of gold are subject to specific tax regulations. As per Ministry of Finance Regulation (PMK) Number 34/PMK.10/2017, a 1.5 percent Income Tax (PPh) is imposed on buyback transactions for holders of a Taxpayer Identification Number (NPWP), while a 3 percent tax applies to those without an NPWP. These taxes are deducted directly from the total buyback value.

DistantNews Editorial

Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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