Gold Slips in Jakarta: Is Now the Moment to Buy Antam’s Latest Price Dip?

JAKARTA, Indonesia (JakartaWeekly.com) – Prices for Indonesia’s benchmark gold bars saw a marginal retreat on Thursday morning, as the state-owned miner PT Aneka Tambang (Antam) adjusted its rates downward amid shifting market conditions.

As of 9:20 AM WIB, the price for one gram of Antam gold was quoted at Rp3,042,000, according to the official Logam Mulia website. This represents a slight decline from the previous session’s price of Rp3,047,000.

Buyback Prices Take a Sharper Hit

While the selling price saw a minor correction, investors looking to liquidate their holdings faced a more pronounced drop. The buyback price—the rate at which Antam purchases gold back from consumers—slumped to Rp2,804,000 per gram, down from the previous Rp2,847,000.

Under current Indonesian tax regulations (PMK No. 34/PMK.10/2017), these transactions are subject to specific levies. For buyback transactions exceeding Rp10 million, an Income Tax (PPh 22) of 1.5% is applied for NPWP (tax ID) holders, while those without a tax ID are charged 3%. This tax is deducted directly from the total buyback value.

Market Rates at a Glance

For those looking to diversify their portfolios, the latest pricing across various weights shows the entry point for a 0.5-gram bar now stands at Rp1,571,000. At the higher end of the spectrum, the 1-kilogram bar is currently priced at approximately Rp2.98 billion.

• 0.5 gram: Rp1,571,000
• 1 gram: Rp3,042,000
• 5 grams: Rp14,985,000
• 10 grams: Rp29,915,000
• 100 grams: Rp298,412,000
• 1000 grams: Rp2,982,600,000

The “Tax Factor” in Physical Gold

Indonesian buyers are reminded that physical gold purchases also carry a tax burden. Under the same ministerial regulation, a PPh 22 levy of 0.45% is applied to the purchase price for NPWP holders, doubling to 0.9% for non-tax ID holders. Every transaction is accompanied by a formal tax withholding receipt.

As global economic headwinds continue to influence precious metals, Jakarta’s retail investors remain eagle-eyed on these daily fluctuations, where even a “slight slip” can dictate the timing of significant capital movements.