Antam gold prices rise by Rp11,000 to Rp2.77 million per gram this Friday

Antam gold prices, as monitored from the Logam Mulia website in Jakarta on Friday at 09:00 WIB, have risen by Rp11,000 from the previous Rp2,759,000 to Rp2,770,000 per gram. Similarly, the buyback price for Antam gold has increased to Rp2,583,000 per gram.

Antam gold prices are subject to 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 ranging from 1 gram to 1,000 grams (1 kilogram). The resale of gold bars to PT Antam Tbk with a value exceeding Rp10 million is subject to Income Tax (PPh) Article 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. This PPh 22 on buyback transactions is deducted directly from the total buyback value.

The latest prices for various gold bar denominations recorded on the Logam Mulia Antam website are as follows:

• 0.5 gram gold: Rp1,435,000

• 1 gram gold: Rp2,770,000

• 2 gram gold: Rp5,480,000

• 3 gram gold: Rp8,195,000

• 5 gram gold: Rp13,625,000

• 10 gram gold: Rp27,195,000

• 25 gram gold: Rp67,862,000

• 50 gram gold: Rp135,645,000

• 100 gram gold: Rp271,212,000

• 250 gram gold: Rp677,765,000

• 500 gram gold: Rp1,355,320,000

• 1,000 gram gold: Rp2,710,600,000

Tax deductions on gold purchases are in accordance with PMK Number 34/PMK.10/2017, where gold bar purchases are 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 proof of PPh 22 deduction.