Antam Gold Bar Price Falls Rp14,000 to Rp2.94 Million per Gram

Jakarta (ANTARA) - The latest Antam gold price, as monitored from the Logam Mulia website in Jakarta on Monday at 09.00 Western Indonesian Time (WIB), fell by Rp14,000 from Rp2,954,000 to Rp2,940,000 per gram. Likewise, the Antam gold buyback price has now dropped to Rp2,728,000 per gram.

Antam gold prices are subject to change at any time. Sales transactions are subject to tax deductions in accordance with Ministry of Finance Regulation (PMK) Number 34/PMK.10/2017 for all types of gold ranging from 1 gram to 1,000 grams (1 kilogram).

The resale of gold bars to PT Antam Tbk with a nominal value exceeding Rp10 million is subject to Article 22 Income Tax (PPh) of 1.5 per cent for holders of a Taxpayer Identification Number (NPWP) and 3 per cent for non-NPWP holders. The Article 22 income tax on buyback transactions is deducted directly from the total buyback value.

The following are the prices for gold bar denominations as recorded on the latest Antam Logam Mulia website:

• 0.5 gram gold: Rp1,520,000
• 1 gram gold: Rp2,940,000
• 2 gram gold: Rp5,820,000
• 3 gram gold: Rp8,705,000
• 5 gram gold: Rp14,475,000
• 10 gram gold: Rp28,895,000
• 25 gram gold: Rp72,112,000
• 50 gram gold: Rp144,145,000
• 100 gram gold: Rp288,212,000
• 250 gram gold: Rp720,265,000
• 500 gram gold: Rp1,440,320,000
• 1,000 gram gold: Rp2,880,600,000

In accordance with the tax deductions on gold purchase prices under PMK Number 34/PMK.10/2017, the purchase of gold bars is subject to Article 22 Income Tax of 0.45 per cent for NPWP holders and 0.9 per cent for non-NPWP holders. Each gold bar purchase is accompanied by an Article 22 Income Tax withholding receipt.