Antam Bullion Recovers to Rp 2.35 Million as Markets Await US Data
Jakarta. Antam’s gold price inched higher on Monday, gaining Rp 3,000 to Rp 2,351,000 ($140.47) per gram after a sharp drop over the weekend.
Data from Logam Mulia showed Antam bullion plunged Rp 50,000 on Saturday to Rp 2,348,000 per gram. The all-time high stands at Rp 2,487,000, recorded on Oct. 21, 2025.
Antam’s buyback price also increased Rp 3,000 to Rp 2,212,000 per gram on Monday.
Under Finance Ministry Rule No. 34/PMK.10/2017, gold sales are subject to tax deductions. Buyback transactions above Rp 10 million incur 1.5 percent Article 22 income tax (PPh 22) for NPWP holders and 3 percent for non-NPWP, with the tax automatically deducted from the payout.
For purchases, PPh 22 is set at 0.45 percent for NPWP holders and 0.9 percent for non-NPWP, with each transaction accompanied by proof of withholding.
Antam Gold Price (Monday, Nov. 17):
- 0,5 gram: Rp 1,225,500
- 1 gram: Rp 2,351,000
- 2 gram: Rp 4,642,000
- 3 gram: Rp 6,938,000
- 5 gram: Rp 11,530,000
- 10 gram: Rp 23,005,000
- 25 gram: Rp 57,387,000
- 50 gram: Rp 114,695,000
- 100 gram: Rp 239,312,000
- 250 gram: Rp 573,015,000
- 500 gram Rp 1,145,820,000
- 1.000 gram: Rp 2,291,600,000
On the international market, gold traded at $4,076.24 per ounce, down 0.11 percent as of 12:09 a.m. NY time on Nov. 17, according to goldprice.org.
Investors are eyeing several delayed US economic indicators due this week, including September nonfarm payrolls, now slated for Thursday after disruptions from the temporary government shutdown. The US Commerce Department said it is updating its release schedule for postponed data.
Market pricing now shows a 46 percent probability that the Federal Reserve will cut rates by 25 basis points next month, easing from 50 percent a week earlier. Fed officials have turned more cautious on further rate cuts amid inflation concerns and signs of labor market resilience after two reductions this year.
Gold, a non-yielding asset, typically gains support when interest rates fall or uncertainty rises.
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