Antam Gold Prices Plummet by Rp20,000 in Early August

The price of Antam gold in Indonesia dropped by Rp20,000 to Rp2,603,000 per gram on August 1st at 9:12 a.m. local time. The buyback price also decreased to Rp2,368,000 per gram. According to the Logam Mulia website in Jakarta, the prices of Antam gold bars can fluctuate at any moment.

The Indonesian government imposes a 0.25 percent PPh tax on the base price listed on the official website for purchase transactions valued above Rp10,000,000. For buyback transactions exceeding this amount, a 1.5 percent Article 22 Income Tax (PPh) will be deducted directly from the total transaction value.

For reference, here are the current prices of Antam gold as listed on the official website: 0.5 grams at Rp1,351,500, 1 gram at Rp2,603,000, and so on up to 100 grams at Rp254,512,000.