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Own 10 Grams of Antam Gold? Here's How Much You Can Cash It In for Today

| Source: VIVA Translated from Indonesian | Investment
Own 10 Grams of Antam Gold? Here's How Much You Can Cash It In for Today
Image: VIVA

The movement of Antam gold prices has once again drawn the attention of investors in today’s trading. After recording increases in recent times, the price of gold produced by PT Aneka Tambang (Antam) Tbk. has actually undergone a correction. This decline affects not only the purchase price of gold bars but also the buyback price, which serves as a reference for people wishing to liquidate their gold investments. For Antam gold owners, the drop in the buyback price means the amount of funds received when selling gold is also reduced. Nevertheless, gold remains one of the most popular investment instruments as it is considered capable of preserving asset value over the long term. Referring to the official Logam Mulia Antam website as of 08.30 WIB, the price of 1 gram of Antam gold is set at Rp2,606,000 per bar, down Rp27,000 from the previous trading session. This decline extends the weakening trend of Antam gold prices over the last two days, with a total drop of Rp29,000. In line with this, the buyback price for Antam gold has also experienced a larger decrease. Currently, the buyback price stands at Rp2,333,000 per gram, down Rp47,000 compared to the previous day. If you own 10 grams of Antam gold and wish to sell it today, the initial calculation refers to the buyback price of Rp2,333,000 per gram. The estimated buyback value is Rp23,330,000. Because the buyback transaction value exceeds Rp10 million, the transaction is subject to Income Tax Article 22. For taxpayers with a Taxpayer Identification Number (NPWP), the tax rate applied is 1.5 percent, while for non-NPWP holders, a rate of 3 percent is applied. This tax is deducted directly from the total buyback value.

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