Antam gold price stable on Thursday, buyback drops Rp17,000

Jakarta (ANTARA) - The price of Antam gold, monitored on the Logam Mulia website in Jakarta, remained unchanged at Rp2,850,000 per gram at 08:54 WIB on Thursday, although the buyback price decreased from the previous Rp2,507,000 to Rp2,490,000 per gram. Antam gold prices may change at any time. Sales transactions are subject to tax deductions in accordance with PMK No. 34/PMK.10/2017 for all types of gold from 1 gram to 1,000 grams (1 kilogram). The resale of gold bars to PT Antam Tbk for amounts exceeding Rp10 million is subject to Article 22 Income Tax (PPh) at 1.5 percent for holders of a Taxpayer Identification Number (NPWP) and 3 percent for non-NPWP holders. The Article 22 PPh on buyback transactions is deducted directly from the total buyback value. The following are the prices for gold bar denominations recorded on the latest Logam Mulia Antam website: - 0.5 gram gold price: Rp1,475,000 - 1 gram gold price: Rp2,850,000 - 2 gram gold price: Rp5,640,000 - 3 gram gold price: Rp8,435,000 - 5 gram gold price: Rp14,025,000 - 10 gram gold price: Rp27,995,000 - 25 gram gold price: Rp69,862,000 - 50 gram gold price: Rp139,645,000 - 100 gram gold price: Rp279,212,000 - 250 gram gold price: Rp697,765,000 - 500 gram gold price: Rp1,395,320,000 - 1,000 gram gold price: Rp2,790,600,000. Tax deductions on gold purchase prices in accordance with PMK No. 34/PMK.10/2017 stipulate that purchases of gold bars are subject to Article 22 PPh at 0.45 percent for NPWP holders and 0.9 percent for non-NPWP holders. Every purchase of gold bars is accompanied by proof of Article 22 PPh deduction.