Antam gold price falls slightly to Rp3,042,000 per gram on Thursday

Jakarta — Antam’s gold price monitored from the Precious Metals page in Jakarta on Thursday at 09:20 WIB declined slightly from Rp3,047,000 to Rp3,042,000 per gram.

Similarly, Antam’s buyback price for gold also decreased to Rp2,804,000 per gram from the previous Rp2,847,000 per gram.

Antam’s gold prices are subject to change at any time.

Gold sales transactions are subject to tax deductions in accordance with Minister of Finance Regulation No. 34/PMK.10/2017 for all types of gold ranging from 1 gram to 1,000 grams (1 kilogram).

The resale of gold bullion to PT Antam Tbk with a nominal value exceeding Rp10 million is subject to Income Tax (PPh) Article 22 of 1.5 per cent for holders of a Taxpayer 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 prices for gold bullion denominations recorded on Antam’s Precious Metals page:

• 0.5 gram gold price: Rp1,571,000

• 1 gram gold price: Rp3,042,000

• 2 gram gold price: Rp6,024,000

• 3 gram gold price: Rp9,011,000

• 5 gram gold price: Rp14,985,000

• 10 gram gold price: Rp29,915,000

• 25 gram gold price: Rp74,662,000

• 50 gram gold price: Rp149,245,000

• 100 gram gold price: Rp298,412,000

• 250 gram gold price: Rp745,765,000

• 500 gram gold price: Rp1,491,320,000

• 1,000 gram gold price: Rp2,982,600,000

Tax deductions on gold purchase prices are governed by Minister of Finance Regulation No. 34/PMK.10/2017. The purchase of gold bullion is subject to PPh 22 of 0.45 per cent for NPWP holders and 0.9 per cent for non-NPWP holders.

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