Antam Gold Prices Surge: A Detailed Look at the Latest Trends and Tax implications
The price of Antam gold witnessed a notable increase on Friday, as reported on the Logam mulia website. the price per gram rose by IDR 9,000, climbing from IDR 1,546,000 to IDR 1,555,000. This upward trend was also reflected in the resale price (buyback) of gold bullion, which reached IDR 1,402,000 per gram.
This price adjustment comes with specific tax implications. According to PMK No. 34/PMK.10/2017, the selling price of gold bullion is subject to tax deductions. For transactions exceeding IDR 10 million, income Tax (PPh) Article 22 applies at a rate of 1.5% for Taxpayer Identification Number (NPWP) holders and 3% for non-NPWP holders. The tax is deducted directly from the total buyback value.
Gold Bullion prices Across Different Fractions
Here’s a breakdown of the latest prices for Antam gold bullion fractions, as recorded on the Antam Precious Metals page:
| Gold Fraction | Price (IDR) |
|—————|——————-|
| 0.5 gram | 827,500 |
| 1 gram | 1,555,000 |
| 2 grams | 3,050,000 |
| 3 grams | 4,550,000 |
| 5 grams | 7,550,000 |
| 10 grams | 15,045,000 |
| 25 grams | 37,487,000 |
| 50 grams | 74,895,000 |
| 100 grams | 149,712,000 |
| 250 grams | 374,015,000 |
| 500 grams | 747,820,000 |
| 1,000 grams | 1,495,600,000 |
Tax Implications for Buyers
Purchasing gold bullion also involves tax considerations. Under PMK Number 34/PMK.10/2017, buyers are subject to PPh 22 at 0.45% for NPWP holders and 0.9% for non-NPWP holders. Every purchase is accompanied by proof of PPh 22 withholding, ensuring transparency and compliance with tax regulations.
Why Gold Prices Are Rising
The increase in gold prices aligns with broader economic trends. As noted by economists, the central bankS attitude has been a significant driver of rising gold prices. This sentiment is echoed in recent reports, which highlight how gold jewellery has contributed to inflation in certain regions, such as Aceh.
For those looking to stay updated on the latest developments in the precious metals market, subscribing to ANTAM’s updates is a valuable resource.
Final Thoughts
The rise in Antam gold prices underscores its enduring appeal as a safe-haven asset. Weather you’re an investor or a collector, understanding the tax implications and staying informed about market trends is crucial. For more insights, explore related articles on how gold prices are influenced by global economic factors.
Stay tuned for more updates on precious metals and their impact on the economy.
For further reading, check out how the JCI closed lower led by the raw goods sector or how gold jewelry contributed to the highest inflation in Aceh in December.
