Antam's Gold Price Increases By IDR 20 Thousand, Reaching IDR 1.826 Million Per Gram On The Second Day Of Eid

JAKARTA The price of gold bullion of PT Aneka Tambang Tbk (Antam) jumped significantly by Rp. 20,000 per gram, reaching Rp. 1,826,000 on the second day of Eid al-Fitr, Tuesday, April 1.

The price increase also occurred at Antam's gold buyback, which rose by Rp. 21,000 to Rp. 1,678,000 per gram, as quoted from Antam's official Metal page.

Based on data from the Mulia Antam Metal site, the following is the price of the gold shards in effect on Tuesday (1/4):

0.5 grams Rp963,000

1 gram IDR 1,826,000

2 grams IDR 3,592,000

3 grams Rp5,363,000

5 grams Rp8,905,000

10 grams Rp17,755,000

25 grams IDR 44,262,000

50 grams IDR 88,445,000

100 grams Rp176,812,000

250 grams IDR 441,765,000

500 grams IDR 883,320,000

1,000 grams Rp1,766,600,000

Gold Purchase And Sales Tax Provisions

Antam's gold bullion sale and purchase transaction is subject to a tax cut based on the provisions of the Minister of Finance Regulation (PMK) No. 34/PMK.10/2017.

For the sale back of gold bullion:

If the nominal transaction is more than Rp. 10 million, then Article 22 Income Tax (PPh) is subject to 1.5 percent for taxpayers (NPWP) and 3 percent for non-NPWP.

Taxes are deducted directly from the total buyback value.

For the purchase of gold bullion:

- PPh Article 22 is 0.45 percent for buyers who have NPWP.

- PPh Article 22 is 0.9 percent for buyers who do not have NPWP.

Each purchase of gold bullion is equipped with proof of a tax cut as an official document.

Causes Of Rising Gold Prices

Antam's surge in gold prices comes amid an upward trend in world gold prices, which are affected by various factors, including:

- Fluctuations in the Global Gold Price "International gold prices have increased due to increasing investor demand for safe haven assets amid economic uncertainty."

- High Gold Demand Amid Eid Celebration Traditions of Indonesians who tend to buy gold as an investment and a gift during Eid al-Fitr also encourages domestic gold prices.

- Geopolitical Conditions and Global Inflation Geopolitical Tensions and high inflation in several countries make gold remain an interesting investment instrument.

Even though Antam's gold price has increased sharply, gold remains one of the stable investment options for the community, especially in the long term.