Gold Market Sees Significant Slide

Gold Market Sees Significant Slide
Illustration(Intermediate)

The price of PT Aneka Tambang (Antam) gold bullion experienced a decline on Monday (7/10) morning. Today’s gold price was recorded to have fallen by IDR 4,000 to IDR 1,478,000 per gram.

The resale price (buyback) for gold bullion on Monday was IDR 1,317,000 per gram. Selling price transactions are subject to tax deductions, in accordance with PMK No. 34/PMK.10/2017.

Resale of gold bullion to PT Antam Tbk with a nominal value of more than IDR 10 million is subject to PPh 22 of 1.5% for NPWP holders and 3% for non-NPWP holders. PPh 22 on buyback transactions is deducted directly from the total buyback value.

The following are the prices for gold bullion fractions recorded on the Antam Precious Metals page on Monday:

– Price of 0.5 gram gold: IDR 789,000
– Price of 1 gram of gold: IDR 1,478,000
– Price of 2 grams of gold: IDR 2,896,000
– Price of 3 grams of gold: IDR 4,319,000
– Price of 5 grams of gold: IDR 7,165,000
– Price of 10 grams of gold: IDR 14,275,000
– Price of 25 gram gold: IDR 35,562,000
– Price of 50 grams of gold: IDR 71,045,000
– Price of 100 grams of gold: IDR 142,012,000
– Price of 250 gram gold: IDR 354,765,000
– Price of 500 grams of gold: IDR 709,320,000
– Price of 1,000 grams of gold: IDR 1,418,600,000

The tax discount on the purchase price of gold is in accordance with PMK Number 34/PMK.10/2017, the purchase of gold bullion is subject to PPh 22 of 0.45% for NPWP holders and 0.9% for non-NPWP holders. Every purchase of gold bullion is accompanied by proof of withholding PPh 22. (Ant/Z-11)

#Gold #Prices #Dropped #IDR #Thousand #Monday #October

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