Antam Gold Surges Rp30,000 to Rp2.799 Million per Gram in Early May

Jakarta (ANTARA) - The price of Antam gold, monitored on the Logam Mulia website from Jakarta, rose Rp30,000 from the previous Rp2,769,000 to Rp2,799,000 per gram on Friday at 09.05 WIB.

The buyback price also increased to Rp2,589,000 per gram.

Antam gold prices may change at any time.

Sales transactions are subject to tax deductions in accordance with PMK Number 34/PMK.10/2017 for all types of gold from 1 gram to 1,000 grams (1 kilogram).

Repurchasing gold bars to PT Antam Tbk with a value exceeding Rp10 million is subject to Income Tax (PPh) Article 22 at 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 recorded prices for gold bar denominations on the Antam Logam Mulia website:

• Gold price 0.5 grams: Rp1,449,500

• Gold price 1 gram: Rp2,799,000

• Gold price 2 grams: Rp5,538,000

• Gold price 3 grams: Rp8,282,000

• Gold price 5 grams: Rp13,770,000

• Gold price 10 grams: Rp27,485,000

• Gold price 25 grams: Rp68,587,000

• Gold price 50 grams: Rp137,095,000

• Gold price 100 grams: Rp274,112,000

• Gold price 250 grams: Rp685,015,000

• Gold price 500 grams: Rp1,369,820,000

• Gold price 1,000 grams: Rp2,739,600,000

Tax deductions on gold purchase prices in accordance with PMK Number 34/PMK.10/2017; purchases of gold bars are subject to PPh 22 at 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 certificate.