JAKARTA — For the second day in a row, Antam gold has been trimmed by exactly Rp15,000 per gram. This Tuesday morning at 09:07 WIB, the official price stands at Rp2,630,000 per gram — down from Rp2,645,000 yesterday, shedding a total of Rp30,000 over the last two sessions.
The correction is not dramatic on its own, but the pattern is worth watching. Two consecutive days of uniform declines often signal an early shift in global gold market sentiment — though it doesn’t necessarily mean the slide will continue. Data comes from the official Logam Mulia page operated by PT Antam Tbk.
Buyback Price Also Slides
If you’re planning to sell gold back to Antam, here’s the number to note. The buyback price today dropped to Rp2,335,000 per gram.
That puts the spread between the buying and selling price at roughly Rp295,000 per gram. For short-term investors, this spread is an implicit cost — you need the price to rise by at least that much before you actually break even.
A concrete example: buying 10 grams today means spending Rp26.3 million. Sell it back right now and you’d only receive Rp23.35 million. A Rp2.95 million loss on the same day. That’s precisely why Antam gold bars are better suited as a medium-to-long-term instrument, not for daily speculation.
Large Denomination Prices Today
Antam sells gold bars in sizes ranging from 1 gram to 1,000 grams. The two largest denominations today:
| Denomination | Price |
|---|---|
| 500 grams | Rp1,285,320,000 |
| 1,000 grams (1 kg) | Rp2,570,600,000 |
For smaller denominations — 1 gram, 2 grams, 5 grams, 10 grams, up to 100 grams — prices shift dynamically and can differ from hour to hour. Check directly at logammulia.com before committing to any transaction.
Tax: Double the Rate Without a Tax ID
Many first-time gold buyers get a nasty surprise at the counter: there’s a tax deduction. The rules are governed by Ministry of Finance Regulation No. 34/PMK.10/2017 on Article 22 Income Tax (PPh 22).
When buying Antam gold bars, the PPh 22 deduction is 0.45 percent for NPWP (tax ID) holders. No NPWP? It doubles straight to 0.9 percent. A proof-of-deduction slip is automatically included with every purchase.
When selling back (buyback) transactions exceeding Rp10 million, the rate climbs further. NPWP holders are charged 1.5 percent, while non-NPWP sellers face 3 percent of the total buyback value — deducted on the spot.
Run the numbers: sell 10 grams at a buyback price of Rp23.35 million, and a non-NPWP holder loses about Rp700,500 to tax. An NPWP holder pays only Rp350,250. A difference of over Rp350,000 — from a single transaction. Scale that up and the savings become very real.
NPWP registration is now fully available online through the DJP Online portal of the Ministry of Finance. There’s no good reason to keep putting it off.
Why Does the Gold Price Move Every Day?
Antam doesn’t set its price in a vacuum. The number tracks two primary variables: the global spot gold price — traded on the London Bullion Market Association (LBMA) and New York’s COMEX exchange — and the rupiah-to-US dollar exchange rate.
The mechanism is straightforward. Gold is priced globally in dollars. When the rupiah weakens against the dollar, the rupiah price of gold rises automatically even if the global price hasn’t moved. The reverse holds equally true.
These two consecutive down days have coincided with a partial easing of risk-off sentiment in global markets. When investors feel less anxious about geopolitical or economic conditions, they tend to rotate out of safe-haven assets like gold toward more aggressive instruments — equities, for instance. Less demand, lower price.
Commodity market analysts typically watch two key indicators for near-term gold direction: US inflation data and Federal Reserve interest rate policy signals. If the Fed hints at rate cuts, gold usually rebounds — because dollar-denominated bonds and deposits become less attractive by comparison.
A Simple Framework for Retail Investors
For most Indonesians who hold gold as a savings instrument, daily price swings like this aren’t terribly relevant. Antam gold bars have historically trended upward over the long run — even if the ride isn’t always smooth.
For context: Antam gold opened 2020 at around Rp800,000 per gram. Today it sits at Rp2,630,000. More than three times over in five years — outpacing many conventional instruments.
But one important caveat: gold generates no regular income. No interest, no dividends. The return is pure capital gain. If you need liquidity urgently and the price happens to be down, you sell at a loss. That’s a real risk.
Financial planners commonly suggest allocating around 10–20 percent of a total portfolio to gold as a hedge. Not everything in one basket — but enough to protect asset value when other instruments are under pressure. Where this two-day correction leads next depends entirely on how global market dynamics play out in the days ahead.
3-Point Summary:
- Antam gold fell Rp15,000 to Rp2,630,000/gram — a second straight identical drop, totaling minus Rp30,000 in 48 hours.
- Buyback price slid to Rp2,335,000/gram; the buy-sell spread is Rp295,000/gram — a critical figure for short-term investors.
- Purchase tax: 0.45% (with NPWP) vs. 0.9% (without); buyback tax above Rp10 million: 1.5% or 3% — having an NPWP can save hundreds of thousands per transaction.
Quick FAQ:
Does this price hold all day? No. Antam gold prices can change at any time without prior notice. Always check logammulia.com before transacting.
Where can I buy Antam gold? Through the official Logam Mulia website, official Antam outlets, or partner platforms such as major marketplaces that have formal agreements with PT Antam Tbk.
Is an NPWP required to buy gold? Not mandatory — but without one, your tax deduction is exactly double. On large transactions, the difference runs into hundreds of thousands of rupiah per trade.
When is the best time to buy gold? There’s no guaranteed formula. Broadly speaking, a price correction like the one over the past two days can represent an entry opportunity for long-term investors — provided your overall portfolio strategy and financial goals are already well-defined.
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