Antam Gold Price Rises by Rp5,000 to Rp2.655 Million per Gram

Jakarta (ANTARA) - The latest price of Antam gold, monitored on the Logam Mulia website in Jakarta on Saturday at 08:43 WIB, rose by Rp5,000 from Rp2,650,000 to Rp2,655,000 per gram. The buyback price for Antam gold also increased to Rp2,415,000 per gram. However, the price of Antam gold bullion is subject to change at any time. Sales transactions are subject to tax deductions, in accordance with Minister of Finance Regulation No. 34/PMK.10/2017 for all gold types ranging from 1 gram to 1,000 grams (1 kilogram). Resale of gold bullion to PT Antam Tbk with a nominal value exceeding Rp10 million is subject to Income Tax (PPh) Article 22 at a rate of 1.5 percent for holders of a Taxpayer Identification Number (NPWP) and 3 percent 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 the Antam Logam Mulia website: 0.5 gram: Rp1,377,500; 1 gram: Rp2,655,000; 2 grams: Rp5,250,000; 3 grams: Rp7,850,000; 5 grams: Rp13,050,000; 10 grams: Rp26,045,000; 25 grams: Rp64,987,000; 50 grams: Rp129,895,000; 100 grams: Rp259,712,000; 250 grams: Rp649,015,000; 500 grams: Rp1,297,820,000; 1,000 grams: Rp2,595,600,000. Tax deductions on gold purchases, according to PMK No. 34/PMK.10/2017, are subject to PPh 22 at a rate of 0.45 percent for NPWP holders and 0.9 percent for non-NPWP holders. Every gold bullion purchase is accompanied by a PPh 22 withholding receipt.