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Antam Gold Price Drops by Rp25,000, Now at Rp2.774 Million per Gram

| | Source: REPUBLIKA Translated from Indonesian | Finance
Antam Gold Price Drops by Rp25,000, Now at Rp2.774 Million per Gram
Image: REPUBLIKA

The price of Antam gold bars, as monitored via the Logam Mulia website on Tuesday, has decreased by Rp25,000 per gram. The current gold price stands at Rp2,774,000 per gram, down from the previous level of Rp2,799,000 per gram. The buyback price has also seen a reduction, falling to Rp2,584,000 per gram.

It should be noted that Antam gold prices are subject to change at any time in accordance with market movements. Gold sales transactions are subject to tax deductions as per the Minister of Finance Regulation (PMK) Number 34/PMK.10/2017 for all types of gold bars, ranging from 1 gram to 1,000 grams (1 kilogram).

For buyback transactions exceeding Rp10 million, an Income Tax (PPh) Article 22 of 1.5 per cent is applied for holders of a Taxpayer Identification Number (NPWP) and 3 per cent for non-NPWP holders. This tax is deducted directly from the total buyback value.

Latest Antam Gold Price List:

0.5 gram: Rp1,437,000

1 gram: Rp2,774,000

2 grams: Rp5,488,000

3 grams: Rp8,207,000

5 grams: Rp13,645,000

10 grams: Rp27,235,000

25 grams: Rp67,962,000

50 grams: Rp135,845,000

100 grams: Rp271,612,000

250 grams: Rp678,765,000

500 grams: Rp1,357,320,000

1,000 grams (1 kg): Rp2,714,600,000

Meanwhile, gold bar purchases are subject to PPh Article 22 of 0.45 per cent for NPWP holders and 0.9 per cent for non-NPWP holders, in accordance with PMK Number 34/PMK.10/2017. Every purchase transaction will be accompanied by a PPh 22 tax withholding slip.

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