Antam gold price stable at Rp2.729 million per gram on Tuesday

Jakarta - The price of Antam gold monitored on the Logam Mulia website in Jakarta on Tuesday at 09.13 WIB showed no change, remaining at Rp2,729,000 per gram, with the buyback price also stable at Rp2,500,000 per gram. Antam gold prices are subject to change at any time.

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

Resale of gold bars to PT Antam Tbk with a nominal value exceeding Rp10 million is subject to Income Tax (PPh) Article 22 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 latest gold bar denominations recorded on the Logam Mulia Antam website:

• 0.5 gram gold price: Rp1,414,500

• 1 gram gold price: Rp2,729,000

• 2 gram gold price: Rp5,398,000

• 3 gram gold price: Rp8,072,000

• 5 gram gold price: Rp13,420,000

• 10 gram gold price: Rp26,785,000

• 25 gram gold price: Rp66,837,000

• 50 gram gold price: Rp133,595,000

• 100 gram gold price: Rp267,112,000

• 250 gram gold price: Rp667,515,000

• 500 gram gold price: Rp1,334,820,000

• 1,000 gram gold price: Rp2,669,600,000

Tax deductions on gold purchases are in accordance with PMK No. 34/PMK.10/2017, with gold bar purchases subject to PPh 22 of 0.45 percent for NPWP holders and 0.9 percent for non-NPWP holders. Every gold bar purchase is accompanied by a PPh 22 withholding receipt.