Gold Prices Reach Record High as Antam’s 24-Carat Gold Surges in Indonesia

Gold Prices Hit Historic High as Antam’s 24-Carat Metal Surges

JAKARTA — Gold prices in Indonesia reached an all-time high on Friday, Jan. 17, 2025, as Antam’s 24-carat precious metal surged by IDR 17,000 per gram, climbing to IDR 1,594,000 per gram. This marks the most expensive level ever recorded for gold in the country.

The price of gold in smaller units also saw significant increases. A 0.5-gram unit is now priced at IDR 847,000, while a 10-gram unit sells for IDR 15,435,000. For larger investments, a 1,000-gram (1 kilogram) unit is valued at a staggering IDR 1,534,600,000.

Over the past week, Antam’s gold prices fluctuated between IDR 1,546,000 and IDR 1,594,000 per gram. Monthly trends show a broader range, with prices moving between IDR 1,505,000 and IDR 1,594,000.

The buyback price for gold also rose by IDR 17,000 per gram, reaching IDR 1,440,000. This figure represents the amount Antam pays to repurchase gold from sellers.

According to Minister of Finance Regulation (PMK) Number 34 of 2017, gold bullion purchases are subject to a 0.9% income tax (PPh 22). However, buyers who provide their taxpayer identification number (NPWP) can reduce the tax rate to 0.45%.

Detailed Gold Prices as of Friday, Jan. 17, 2025:

• 0.5 grams: IDR 847,000
• 1 gram: IDR 1,594,000
• 2 grams: IDR 3,128,000
• 3 grams: IDR 4,667,000
• 5 grams: IDR 7,745,000
• 10 grams: IDR 15,435,000
• 25 grams: IDR 38,462,000
• 50 grams: IDR 76,845,000
• 100 grams: IDR 153,612,000
• 250 grams: IDR 383,765,000
• 500 grams: IDR 767,320,000
• 1,000 grams: IDR 1,534,600,000

The surge in gold prices reflects growing investor interest in the precious metal as a safe-haven asset amid global economic uncertainties. With prices hitting historic highs, gold continues to be a key player in Indonesia’s investment landscape.