Jakarta (ANTARA) - OJK Financial Institution Development Analyst Iwan\nPartogi stated that the continuously increasing national demand for gold\npresents an opportunity for developing domestic production capacity and\noptimising existing gold resources in society.<\/p>\n
Iwan revealed that Indonesia\u2019s volume of gold bar imports has been\nsteadily rising from 2016 to 2025, with an average annual growth rate of\n29.10 per cent.<\/p>\n
In 2025, approximately 89 per cent of Indonesia\u2019s gold imports still\noriginate from Australia, Hong Kong, Singapore, Japan, and Switzerland,\nIwan said during a discussion event on the development of regulations,\nsupervision, and the economic potential of gold banks organised by\nUniversitas Kristen Indonesia (UKI), in a statement quoted in Jakarta on\nSunday.<\/p>\n
Furthermore, gold banks (bullion banks) are not separate institutions\nor legal entities, but rather business activities conducted by financial\nservice institutions. The legal basis for such practices is regulated in\nthe Law on the Development and Strengthening of the Financial Sector\n(P2SK), specifically articles 130 to 132.<\/p>\n
Meanwhile, Bappebti\u2019s Senior Trade Analyst M. Sis stated that\ngovernment-supervised digital gold trading must have an underlying asset\nin the form of actual physical gold.<\/p>\n
According to him, regulations for digital gold trading are\nestablished to prevent practices of trading gold without physical\nbacking that could harm the public.<\/p>\n
He explained that Bappebti implements a delivery versus payment (DVP)\nsystem, ensuring that physical gold is available before transactions are\nconducted.<\/p>\n
Additionally, all traded gold must come from legal sources and be\nfree from money laundering practices, terrorism financing, or other\nillegal sources.<\/p>\n
On the banking industry side, BSI representative Rico Wardhana views\nbullion banks as a strategic government step in building a national gold\necosystem from upstream to downstream.<\/p>\n
According to him, as one of the world\u2019s major gold-producing\ncountries, Indonesia must be able to leverage that potential to\nstrengthen the national economy while expanding public investment\naccess.<\/p>\n
Rico stated that BSI currently manages around 23 tonnes of gold, and\ngold trading activities through bullion banks have seen significant\nincreases since their launch in 2025.<\/p>\n
\u201cA simple aspiration from Mr Prabowo is for every individual to have\ngold, to have the opportunity to own gold,\u201d Rico said.<\/p>\n
He also revealed that more than one million people have gold accounts\nat BSI within about 13 months. Through bullion banks, the public can\npurchase gold starting from Rp50,000 and store gold digitally in a safer\nand more efficient manner.<\/p>\n
Meanwhile, tax practitioner Wahyu Widodo assesses that the\nconvergence between gold trading and the banking system in bullion\nbanking could potentially create new taxation challenges if regulations\nare not designed in an integrated manner.<\/p>\n
He recalled past experiences when sharia financing transactions were\nsubjected to double taxation because they were considered as two\nseparate transactions.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ojk-rising-gold-demand-presents-opportunity-for-domestic-production-capacity-development-1778378193", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }