Gotrade News - Indonesia's benchmark gold price from state-owned miner PT Aneka Tambang (ANTM) dropped Rp50,000 per gram on Wednesday (22/04). The selling price at Antam's Logam Mulia boutique in Jakarta now stands at Rp2,830,000 (approximately USD 170) per gram.
The decline signals a notable correction for Indonesian gold investors who track Antam bars as a key retail investment instrument. Antam gold is the most widely traded physical gold product in Southeast Asia's largest economy.
Key Takeaways:
- Antam gold selling price fell Rp50,000 to Rp2,830,000 per gram on Wednesday (22/04)
- Buyback price also declined Rp50,000 to Rp2,640,000 per gram
- Purchases are subject to 0.25% income tax but exempt from Indonesia's value-added tax
The buyback price, which is the amount Antam pays when repurchasing gold from holders, also fell by Rp50,000. According to Logam Mulia data, the buyback rate is now Rp2,640,000 per gram.
The simultaneous drop in both selling and buyback prices indicates a broad market correction rather than a spread adjustment. The gap between sell and buyback prices remains around Rp190,000 per gram.
Under Indonesian tax regulations, Antam gold purchases are exempt from Value Added Tax under Government Regulation No. 49 of 2022. This makes gold bars one of the few investment products with preferential VAT treatment in Indonesia.
Buyers are still subject to a 0.25% income tax withholding under Finance Ministry Regulation No. 48 of 2023. PT Antam issues tax withholding certificates for every transaction for annual tax reporting purposes.
IDX Channel reported that several Antam gold products in certain denominations were temporarily unavailable on the official platform. This could signal strong retail demand even amid the price correction.
The price drop follows a period of aggressive gains in recent weeks driven by global gold momentum. The correction aligns with international gold prices pulling back from recent all-time highs.
For investors considering an entry point, the pullback may present an opportunity in a broader uptrend. However global gold prices remain sensitive to geopolitical tensions and central bank interest rate decisions worldwide.
Market participants should monitor global gold price direction in the coming days before making decisions. High volatility demands careful timing for both buying and selling positions.
Sources:
- Sindonews, Harga Emas Antam Anjlok Rp50.000 per Gram, Pilih Jual atau Beli?, 2026.
- IDX Channel, Emas Antam (ANTM) Anjlok Rp50 Ribu per Gram, Cek Harga Lengkapnya, 2026.
