Antam gold price falls by Rp24,000 to Rp2,997 thousand per gramme on Saturday

Jakarta — Antam gold prices monitored via the Logam Mulia website in Jakarta on Saturday at 08:57 Western Indonesian Time (WIB) declined by Rp24,000 from the previous Rp3,021,000 to Rp2,997,000 per gramme.

Similarly, the Antam gold buyback price also fell to Rp2,749,000 per gramme.

Antam gold prices are subject to change at any time.

Sales transactions are subject to tax deductions in accordance with Finance Ministry Regulation No. 34/PMK.10/2017 for all types of gold ranging from 1 gramme to 1,000 grammes (1 kilogram).

Resale of gold bullion to PT Antam Tbk with a value exceeding Rp10 million is subject to Income Tax (PPh) Article 22 at 1.5 per cent for holders of a Tax Identification Number (NPWP) and 3 per cent for non-NPWP holders.

PPh 22 on buyback transactions is deducted directly from the total buyback value. The following are the current gold bullion prices listed on Antam’s Logam Mulia website:

— 0.5 gramme gold: Rp1,548,500

— 1 gramme gold: Rp2,997,000

— 2 gramme gold: Rp5,934,000

— 3 gramme gold: Rp8,876,000

— 5 gramme gold: Rp14,760,000

— 10 gramme gold: Rp29,465,000

— 25 gramme gold: Rp73,537,000

— 50 gramme gold: Rp146,995,000

— 100 gramme gold: Rp293,912,000

— 250 gramme gold: Rp734,515,000

— 500 gramme gold: Rp1,468,820,000

— 1,000 gramme gold: Rp2,937,600,000

Tax deductions for gold purchase prices are in accordance with Finance Ministry Regulation No. 34/PMK.10/2017. Purchase of gold bullion is subject to PPh 22 at 0.45 per cent for NPWP holders and 0.9 per cent for non-NPWP holders.

Each gold bullion purchase is accompanied by a PPh 22 withholding certificate.