Antam gold price on Saturday jumps Rp35,000 to Rp3,059,000 per gram

Jakarta — Antam gold price monitored on the Logam Mulia site in Jakarta, Saturday at 09:00 WIB, rose by Rp35,000 from Rp3,024,000 to Rp3,059,000 per gram (g). The buyback price for Antam gold also rose to Rp2,822,000 per gram. The price of Antam gold is subject to change at any time. Selling transactions incur tax withholdings, in accordance with PMK Number 34/PMK.10/2017 for all types of gold from 0.5 gram up to 1,000 gram (1 kilogram). Sale of bullion to PT Antam Tbk with a nominal value exceeding Rp10 million is subject to Income Tax (PPh) Article 22 of 1.5 percent for NPWP holders and 3 percent for non-NPWP. PPh 22 on buyback transactions is deducted directly from the total buyback value. The following are the fractional bullion gold prices listed on Antam’s Logam Mulia page: 0.5 gram: Rp1,579,500; 1 gram: Rp3,059,000; 2 gram: Rp6,058,000; 3 gram: Rp9,062,000; 5 gram: Rp15,070,000; 10 gram: Rp30,085,000; 25 gram: Rp75,087,000; 50 gram: Rp150,095,000; 100 gram: Rp300,112,000; 250 gram: Rp750,015,000; 500 gram: Rp1,499,820,000; 1,000 gram: Rp2,999,600,000. The tax deduction on gold purchase prices under PMK 34/PMK.10/2017 imposes PPh 22 at 0.45 percent for NPWP holders and 0.9 percent for non-NPWP. Each bullion purchase is accompanied by a PPh 22 withholding slip.