Indonesian Political, Business & Finance News

Antam Gold Soars Rp68,000 to Rp3.012 Million per Gram on Saturday

| Source: ANTARA_ID | Finance
Jakarta (ANTARA) - The price of Antam gold, as monitored from the Logam Mulia website in Jakarta on Saturday at 08:50 Western Indonesian Time, surged by Rp68,000 from Rp2,944,000 to Rp3,012,000 per gram.

The buyback price for Antam gold likewise soared to Rp2,793,000 per gram.

Antam gold prices are subject to change at any time.

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

The resale of gold bars to PT Antam Tbk with a nominal value exceeding Rp10 million is subject to Article 22 Income Tax (PPh) of 1.5 per cent for holders of a Taxpayer Identification Number (NPWP) and 3 per cent for non-NPWP holders.

Article 22 Income Tax on buyback transactions is deducted directly from the total buyback value.

The following are the prices for various denominations of gold bars as recorded on the latest Logam Mulia Antam website:

- 0.5 gram gold: Rp1,556,000
- 1 gram gold: Rp3,012,000
- 2 gram gold: Rp5,964,000
- 3 gram gold: Rp8,921,000
- 5 gram gold: Rp14,835,000
- 10 gram gold: Rp29,615,000
- 25 gram gold: Rp73,912,000
- 50 gram gold: Rp147,745,000
- 100 gram gold: Rp295,412,000
- 250 gram gold: Rp738,265,000
- 500 gram gold: Rp1,476,320,000
- 1,000 gram gold: Rp2,952,600,000

Tax deductions on gold purchases are in accordance with PMK No. 34/PMK.10/2017, whereby purchases of gold bars are subject to Article 22 Income Tax of 0.45 per cent for NPWP holders and 0.9 per cent for non-NPWP holders.

Each gold bar purchase is accompanied by proof of Article 22 Income Tax withholding.
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