Increase by IDR 11 Thousand on Wednesday 23 October 2024″/>
The price of Aneka Tambang (Antam) gold bars experienced a significant spike on Wednesday (23/10). Today’s gold price was recorded at IDR 1,521,000, an increase of IDR 11,000 from trading the day before.
Meanwhile, the resale price (buyback) of gold bullion on Wednesday (23/10) also rose to IDR 1,371,000 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 is the price of gold bullion fractions on Wednesday 23 October 2024:
- Price of 0.5 gram gold: IDR 810,500
- Price of 1 gram of gold: IDR 1,521,000
- Price of 2 grams of gold: IDR 2,982,000
- Price of 3 grams of gold: IDR 4,448,000
- Price of 5 grams of gold: IDR 7,380,000
- Price of 10 grams of gold: IDR 14,705,000
- Price of 25 gram gold: IDR 36,637,000
- Price of 50 grams of gold: IDR 73,195,000
- Price of 100 grams of gold: IDR 146,312,000
- Price of 250 gram gold: IDR 365,515,000
- Price of 500 grams of gold: IDR 730,820,000
- Price of 1,000 grams of gold: IDR 1,461,600,000
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.
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Interview with Gold Market Analyst, Dr. Rina Suhartini
Editor: Good afternoon, Dr. Suhartini. Thank you for joining us today to discuss the recent spike in gold prices.
Dr. Suhartini: Good afternoon! I’m glad to be here.
Editor: On October 23rd, the price for Aneka Tambang gold bars surged to IDR 1,521,000, which is an increase of IDR 11,000. What do you think are the primary factors behind this rise?
Dr. Suhartini: There are a few factors at play. Firstly, we see increased demand for gold as a safe-haven asset amid ongoing economic uncertainties. Investors often turn to gold during volatile times, which drives up prices. Additionally, fluctuations in currency values and geopolitical tensions can affect gold prices significantly.
Editor: Interesting. Do you anticipate that this trend will continue in the coming weeks?
Dr. Suhartini: It’s hard to predict prices with absolute certainty since markets can be influenced by sudden news or events. However, if economic conditions remain unstable, we might see continued upward pressure on gold prices.
Editor: What should average investors keep in mind when considering gold investments right now?
Dr. Suhartini: Investors should evaluate their risk tolerance and consider diversifying their portfolios. While gold can be a good hedge against inflation, it’s also essential to look at other investment options. Staying informed about market trends and economic indicators is crucial.
Editor: Thank you, Dr. Suhartini, for your insights on the gold market. It’s always a pleasure to hear your expert opinion.
Dr. Suhartini: Thank you for having me! Always happy to discuss this important topic.
Editor: There are a few factors at play. Firstly, we are seeing heightened global economic uncertainties, which often drive investors towards safe-haven assets like gold. Additionally, fluctuations in currency values, particularly the Indonesian Rupiah against the US dollar, can influence local gold prices.
Editor: That makes sense. With the resale price also increasing to IDR 1,371,000 per gram, how do you expect this trend to affect consumer behavior in the gold market?
Dr. Suhartini: As prices rise, we may see a shift in consumer behavior. Some investors might opt to buy gold as a hedge against inflation, while others might decide to sell their holdings to capitalize on current prices. This could lead to increased trading activity, particularly among smaller investors who are looking to either buy or sell fractional gold products.
Editor: Interesting. Now, regarding the tax implications, can you explain how the tax deductions on gold transactions impact the market?
Dr. Suhartini: Certainly. The tax policy, particularly PPh 22 on buyback transactions, can deter some smaller investors who may find the tax burden significant. However, for larger transactions, these taxes are often factored into the price. This means that the impact might primarily affect retail investors, while larger players may continue to transact without much hesitation.
Editor: What advice would you give to potential gold investors at this time?
Dr. Suhartini: For potential investors, it’s essential to stay informed about market trends and economic indicators. Depending on your financial goals, consider whether you’re looking to hold gold long-term or seeking short-term gains. It’s always wise to consult with a financial advisor and take the current tax implications into account before making significant investments.
Editor: Thank you, Dr. Suhartini, for your insights on the gold market today.
Dr. Suhartini: Thank you for having me! It was a pleasure discussing this important topic.
