JAKARTA - The gold bar price of PT Aneka Tambang Tbk (ANTM), or Antam, strengthened on Tuesday (4/11), after having declined the previous day.
According to data from Antam's Logam Mulia website, the gold price rose by IDR 8,000 to IDR 2,286,000 per gram.
On Monday (3/11), Antam's gold price had fallen by IDR 12,000 to IDR 2,278,000 per gram.
The buyback price -- the rate at which Antam repurchases gold from customers -- also increased by IDR 8,000 to IDR 2,151,000 per gram.
Each gold trading transaction is subject to tax as regulated by the Minister of Finance Regulation (PMK) No. 34/PMK.10/2017. For gold purchases, holders of a Taxpayer Identification Number (NPWP) are charged a 0.45% income tax (PPh 22), while non-NPWP holders are charged 0.9%.
For buyback transactions exceeding IDR 10 million, PPh 22 is applied at 1.5% for NPWP holders and 3% for non-NPWP holders.
The tax deduction is automatically withheld from the total transaction value, and every purchase comes with a PPh 22 tax receipt.
Below is Antam's gold price list for Tuesday (4/11):
* 0.5 gram: IDR 1,193,000
* 1 gram: IDR 2,286,000
* 2 grams: IDR 4,512,000
* 3 grams: IDR 6,743,000
* 5 grams: IDR 11,202,000
* 10 grams: IDR 22,355,000
* 25 grams: IDR 55,767,000
* 50 grams: IDR 111,445,000
* 100 grams: IDR 221,812,000
* 250 grams: IDR 556,765,000
* 500 grams: IDR 1,113,320,000
* 1,000 grams: IDR 2,226,600,000