Antam gold prices experienced an upward trend on Thursday, May 28, with significant movements recorded in the Indonesian precious metals market. According to data published on the official Logam Mulia website, the price of gold from PT Aneka Tambang Tbk (ANTM), widely known as Antam, increased by IDR 20,000 per gram. This surge brought the precious metal’s value to IDR 2,774,000 per gram, up from IDR 2,754,000 recorded on the preceding day.
Mirroring this positive momentum, the Antam gold buyback price also saw a notable increase. Investors looking to sell their gold back to Antam would now receive IDR 2,579,000 per gram, an increase of IDR 22,000 from its previous valuation.
These market dynamics are influenced by recent tax adjustments. As stipulated in Minister of Finance Regulation (PMK) Number 48 of 2023, end consumers are now exempt from Income Tax (PPh) when purchasing gold bars, a measure designed to potentially stimulate individual investment. However, gold businesses are still mandated to collect PPh 22 at a rate of 0.25 percent of the selling price, which represents a favorable reduction from the earlier rate of 0.45 percent.
It is important for prospective buyers to note that these specific Antam gold prices are applicable at the Butik Emas Graha Dipta Pulo Gadung outlet in Jakarta. Prices for Antam gold at other authorized sales points or retailers may vary, reflecting regional market conditions and operational costs.
For those interested in specific denominations, the following table outlines the detailed Antam gold bar prices as of today:
1 gram: Rp 2.774.000
5 gram: Rp 13.645.000
10 gram: Rp 27.235.000
25 gram: Rp 67.962.000
50 gram: Rp 135.845.000
100 gram: Rp 271.612.000
250 gram: Rp 678.765.000
500 gram: Rp 1.357.320.000
1.000 gram: Rp 2.714.600.000
Emas Galeri24
Shifting focus to another prominent player in the Indonesian gold market, Galeri24 gold prices presented a contrasting trend. On its official website, Galeri24 reported a notable decline in its gold prices on Thursday, May 28. The price per gram fell by IDR 35,000, settling at IDR 2,739,000 per gram. Concurrently, the Galeri24 buyback price was set at IDR 2,569,000 per gram, reflecting this downward adjustment.
Below is a comprehensive breakdown of the Galeri24 gold prices available on their official platform:
1 gram: Rp 2.739.000
2 gram: Rp 5.412.000
5 gram: Rp 13.432.000
10 gram: Rp 26.792.000
25 gram: Rp 66.618.000
50 gram: Rp 133.132.000
100 gram: Rp 266.133.000
250 gram: Rp 663.695.000
500 gram: Rp 1.327.390.000
1.000 gram: Rp 2.654.779.000
Summary
Antam gold prices increased by IDR 20,000 per gram on Thursday, May 28, reaching IDR 2,774,000 per gram from the previous IDR 2,754,000. The Antam buyback price also saw a rise of IDR 22,000, settling at IDR 2,579,000 per gram. These market dynamics are partly influenced by Minister of Finance Regulation Number 48 of 2023, which exempts end consumers from Income Tax on gold bar purchases and reduces the PPh 22 rate for gold businesses. It is noted that these specific prices apply to the Butik Emas Graha Dipta Pulo Gadung outlet and may vary at other locations.
In contrast, Galeri24 gold prices experienced a decline on the same day, falling by IDR 35,000 per gram to IDR 2,739,000. The Galeri24 buyback price was concurrently set at IDR 2,569,000 per gram, reflecting this downward adjustment.