Antam’s Gold Price Dropped By IDR 9.000 To IDR 915.000 Per Gram As Of March 9

Illustration. (Photo: Doc. Antam)

JAKARTA - Today, Tuesday 9 March, the price of 24 carat gold bullion of PT Aneka Tambang Tbk (Antam) is in a lower position than the previous trading day.

Quoting data on Antam's page, the price of 1 gram of 24 carat gold was sold for IDR 915.000 or decreased by IDR 9.000 compared to the previous day's price. Meanwhile, the smallest unit of gold with a size of 0.5 grams is now priced at IDR 507.500, a decrease of IDR 4.500 from the previous trading day.

The price of 24 carat gold measuring 5 grams is priced at IDR 4.350.000. Furthermore, 10 gram gold bars are sold at a price of IDR 8.645.000.

The price of gold for a 50 gram unit costs IDR 42.895.000 while a 100 gram print can be redeemed for IDR 85.712.000. The 1.000 gram size is valued at IDR 855.600.000 which is currently not available.

On the other hand, Antam's gold buyback was at the level of IDR 778,000 per gram, a decrease of IDR 9,000 from the previous position. The resale price does not yet consider tax if the nominal value is more than IDR 10 million.

In accordance with PMK No. 34/PMK.10/2017, the sale of gold bullion to PT ANTAM Tbk. with a nominal value of more than IDR 10 million, subject to PPh 22 of 1.5 percent (for tax ID number (NPWP) holders and 3 percent for non-NPWPs).

PPh 22 on buyback transactions is deducted directly from the total buyback value. Meanwhile, the purchase of gold bars will be subject to PPh 22 of 0.45 percent (for NPWP holders and 0.9 percent for non-NPWPs). Every purchase of gold bullion is accompanied by proof of withholding income tax 22.