Antam Gold Price Rises to Rp 2,770,000 per Gram

Antam gold prices, as monitored from the Logam Mulia website on Friday, 5 June 202<0xC2>6, have risen by Rp 11,000 from the previous Rp 2,759,000 to Rp 2,770,000 per gram. Similarly, the buyback price for Antam gold has now increased to Rp 2,583,000 per gram.

Selling transactions are subject to tax deductions in accordance with PMK No. 34/PMK.10/2017 for all types of gold ranging from 1 gram to 1,000 grams (1 kilogram). The resale of gold bars to PT Aneka Tambang Tbk with a value exceeding Rp 10 million is subject to Article 22 Income Tax (PPh 22) at a rate of 1.5 per cent for holders of a Taxpayer Identification Number (NPWP) and 3 per cent for non-NPWP holders. The PPh 22 on buyback transactions is deducted directly from the total buyback value.

Tax deductions for gold purchases are also in accordance with PMK Number 34/PMK.10/2017. The purchase of gold bars is subject to PPh 22 at a rate of 0.45 per cent for NPWP holders and 0.9 per cent for non-NPWP holders. Every gold bar purchase is accompanied by a PPh 22 tax withholding slip.

Quoting from Antara, the following are the prices for various gold bar denominations recorded on the Antam Logam Mulia website:

• 0.5 gram gold: Rp 1,435,000

• 1 gram gold: Rp 2,770,000

• 2 gram gold: Rp 5,480,000

• 3 gram gold: Rp 8,195,000

• 5 gram gold: Rp 13,625,000

• 10 gram gold: Rp 27,195,000

• 25 gram gold: Rp 67,862,000

• 50 gram gold: Rp 135,645,000

• 100 gram gold: Rp 271,212,000

• 250 gram gold: Rp 677,765,000

• 500 gram gold: Rp 1,355,320,000

• 1,000 gram gold: Rp 2,710,600,000