Gotrade News - Indonesia state-owned miner PT Antam Tbk lifted its gold bar price again on Wednesday (06/05). Retail investors are riding the rally as global market uncertainty keeps safe-haven demand alive.
Antam's selling price reached Rp2,790,000 per gram, up Rp30,000 from the previous session. The buyback rate climbed Rp35,000 to Rp2,580,000 per gram on the same day.
Key Takeaways:
- Antam selling price rose Rp30,000 to Rp2,790,000 per gram on Wednesday (06/05)
- Buyback price climbed Rp35,000 to Rp2,580,000 per gram, narrowing the spread to Rp210,000
- The narrow spread reflects sustained physical-gold demand amid global geopolitical pressure
The gap between sell and buyback prices sits at Rp210,000 per gram. That spread is relatively narrow versus the historical average and signals strong physical demand.
The reference prices were observed at the Butik Emas Logam Mulia (BELM) Setiabudi One outlet in Jakarta. Antam also publishes official prices on its Logammulia.com platform as a transaction reference.
Smaller denominations are priced at Rp1,445,000 for 0.5 grams. The 1-gram bar costs Rp2,790,000 while a 10-gram bar reaches Rp27,395,000.
A 100-gram bar is priced at Rp273,212,000 and the 1-kilogram bar at Rp2,730,000,000. The per-gram cost becomes more efficient at larger denominations.
Antam transactions are subject to PMK 34/PMK.10/2017 tax regulations. Gold purchases incur PPh 22 income tax of 0.45% for taxpayers with an NPWP and 0.9% without.
Buybacks above Rp10 million carry PPh 22 of 1.5% for NPWP holders and 3% for non-NPWP sellers. VAT is not charged per government regulation PP No. 49 of 2022.
The recent global gold rally has been driven largely by geopolitical tension. The Iran-US conflict has pushed investors back into safe-haven assets including precious metals.
Central banks worldwide have been actively building gold reserves as a US-dollar diversification hedge. That trend is providing structural support for global gold prices and dragging Indonesian domestic prices higher.
Global investors track gold via instruments like the SPDR Gold Shares and iShares Gold Trust ETFs. Gold miners gain leverage to bullion prices via vehicles like VanEck Gold Miners ETF.
For Indonesian retail buyers, a higher buyback than sell price increase narrows the cost-of-exit. The setup is mildly favorable for Antam holders considering liquidation.
With Asian inflation still elevated, gold remains a popular hedge instrument in Indonesia. Market watchers are monitoring whether the price clears the psychological Rp2.8 million per gram resistance this week.
