Gotrade News - Antam gold bars in Indonesia rose Rp5,000 to Rp2.814 million per gram on Tuesday (28/04). The modest gain reflects steady domestic demand even as global spot gold prices softened during the same session.
Antam is the retail gold-bar brand of state-owned miner PT Aneka Tambang Tbk, the country's benchmark for physical gold. Its buyback price also gained Rp5,000 to Rp2.625 million per gram, signaling firm two-way liquidity in the Indonesian retail gold market.
Key Takeaways:
- Antam 1-gram gold bar reached Rp2.814 million on Tuesday (28/04), up Rp5,000 from the prior session.
- Buyback price also climbed Rp5,000 to Rp2.625 million per gram.
- Global spot gold weakened 0.2% to USD4,698 per ounce, a divergence from the local rally.
According to Liputan6, Antam's 1-gram price advanced roughly 0.18% from Rp2.809 million in the previous session. The increase is small but extends a recovery trend across recent sessions in Indonesia's physical gold market.
Smaller denominations include the 0.5-gram bar at Rp1.457 million and the 5-gram bar at Rp13.885 million, as reported by Liputan6. The popular 10-gram size traded between Rp27.635 million and Rp27.690 million per Kompas and Liputan6.
Larger investment sizes priced between Rp275.612 million and Rp275.760 million for 100 grams, according to Kompas and Liputan6. The 1-kilogram bar carried a price tag near Rp2.754 billion across both sources.
According to IDX Channel, the reference price applies at the Butik Emas Logam Mulia outlet in Setiabudi One, Jakarta. Purchase location can shift the final price slightly due to varying minting fees and distribution costs.
Buyback transactions above Rp10 million face a 1.5% income tax (PPh 22) for NPWP tax-ID holders, as reported by Kompas. The rate rises to 3% for buyers without an NPWP, deducted directly from the transaction value.
VAT is exempted on gold-bar purchases under Government Regulation 49 of 2022, according to IDX Channel. PT Antam also issues withholding tax certificates for any transactions subject to PPh 22.
Global spot gold slipped 0.2% to USD4,698.27 per ounce on the same day, according to Liputan6. The weakness coincided with investor focus on upcoming central bank meetings and ongoing US-Iran geopolitical tensions.
Rising oil prices added to global inflation expectations during the week, as reported by Liputan6. That backdrop typically supports gold demand as a medium-term inflation hedge for retail savers.
Antam offers bars from 0.5 grams up to 1,000 grams, according to Kompas. The denomination range gives Indonesian retail investors flexible entry points across different capital sizes.
The current spread between sell and buyback sits near Rp189,000 per gram based on IDX Channel and Liputan6. Retail buyers typically need prices to clear that spread before realizing a profit on a position.
Gotrade is watching the dollar index and Federal Reserve policy signals as the main drivers for Indonesian gold this week. Central bank announcements remain the key catalyst for investors tracking gold over the coming sessions.
