Antam Gold Price Drops by IDR 15,000 on Monday

The price of gold bars from PT Aneka Tambang (Persero) Tbk (ANTM), or Antam, dropped on Monday (28/9). According to the Logam Mulia website, the Antam gold price fell by IDR 15,000 to IDR 2,597,000 per gram. The buyback price for Antam gold also decreased by IDR 16,000 to IDR 2,422,000 per gram.

The drop in prices is subject to tax regulations, as stated in Minister of Finance Regulation (PMK) No. 34/PMK.10/2017. Transactions involving the purchase and buyback of gold bars are subject to Article 22 Income Tax (PPh). The sale of gold bars back to Antam with a value exceeding IDR 10 million is taxed at 1.5% for holders of a Taxpayer Identification Number (NPWP) and 3% for sellers without an NPWP.

The listed prices for Antam gold bar denominations on the Logam Mulia website are as follows, excluding tax: 0.5 gram: IDR 1,348,500, 1 gram: IDR 2,597,000, 2 grams: IDR 5,134,000, 3 grams: IDR 7,676,000, 5 grams: IDR 12,760,000, 10 grams: IDR 25,465,000, 25 grams: IDR 63,537,000, 50 grams: IDR 126,995,000, 100 grams: IDR 253,912,000, 250 grams: IDR 634,515,000, and 500 grams: IDR 1,268,820,000.