Antam Gold Price Rises by IDR 11,000 to IDR 2.675 Million per Gram

DOK ANTARA FOTO/Rivan Awal Lingga/wsj.

JAKARTA - The price of Antam gold, which was monitored from the Precious Metals page on Saturday, at 09.14 WIB, rose by Rp11,000 to Rp2,675,000 from Rp2,664,000 per gram, with the buyback price also rising to Rp2,525,000 per gram.

However, the price of Antam's gold bars can change at any time.

Every buyback transaction with a value above Rp. 10,000,000 will be subject to Income Tax (PPh) Article 22 at 1.5 percent. The PPh Article 22 will be deducted directly from the total transaction value at the time of the buyback.

As for the purchase price of Antam gold, a 0.25 percent tax is imposed on the basic price stated on the official page.

Here is the complete list of basic prices:

- Price of 0.5 gram gold: Rp1,387,500.

- 1 gram gold price: Rp2,675,000.

- 2 gram gold price: Rp5,290,000.

- 3 gram gold price: Rp7,910,000.

- 5 gram gold price: Rp13.150.000.

- 10 gram gold price: Rp26,245,000.

- 25 gram gold price: Rp65,487,000.

- 50 gram gold price: Rp130,895,000.

- 100 gram gold price: Rp261,712,000.

- 250 gram gold price: Rp654,015,000.

- 500 gram gold price: Rp1,307,820,000.

- 1,000 gram gold price: Rp2,615,600,000.