Gold Price in Indonesian Rupiah (IDR) Today

Indonesia is one of the world's largest gold producers (top 10 globally) and a major consumer of physical gold, with the market dominated by PT ANTAM Tbk — the state-owned mining company whose gold bars carry the iconic green hologram and are the most recognized and liquid gold product in Indonesia. ANTAM bars, available from 0.5 grams to 1 kilogram, are hallmarked with a unique serial number and certificate, and their buyback prices are published daily on ANTAM's website, creating a transparent two-way market. Pegadaian, the state-owned pawnshop network with over 4,000 outlets across the archipelago, is another major channel for gold investment — it offers gold savings products and gold-backed loans that serve millions of Indonesians, particularly in rural areas where banking access is limited. Gold is deeply embedded in Indonesian culture: it is given at weddings (especially in Javanese, Balinese, and Minangkabau traditions), and many Indonesians hold gold as their primary form of savings. Bank Indonesia (the central bank) holds approximately 78.5 tonnes of gold reserves. Indonesia's Grasberg mine in Papua, operated by PT Freeport Indonesia, is one of the largest gold and copper mines in the world, producing over 1 million ounces of gold annually.

Gold purchases in Indonesia carry a 0.45% final income tax (PPh 22) on the buyback/sell price when selling gold to a dealer — this is withheld at source and acts as a prepayment of income tax. For VAT-registered businesses buying gold bars, a 11% VAT applies but with an input tax credit mechanism. Individual retail buyers of ANTAM gold generally face minimal explicit tax beyond the 0.45% PPh 22 on sale. Gold jewelry carries a different structure: 10% VAT on 20% of the selling price (effectively 1.5% VAT) for gold jewelry with purity above 14K. Capital gains on gold are technically part of taxable income, but the 0.45% final tax on buyback simplifies compliance for most individual investors. There is no annual wealth tax. Import duties on gold bars are 0% for authorized importers (primarily ANTAM and approved banks).

PT ANTAM Tbk dominates Indonesia's gold market through its retail subsidiary Logam Mulia, which operates physical outlets (Butik Emas ANTAM) across major cities and an online platform for buying and selling gold. ANTAM's daily gold prices, published in rupiah per gram for various bar sizes, are the reference price for the Indonesian market. Pegadaian's gold products include Tabungan Emas (gold savings starting from 0.01 grams), Cicil Emas (gold installment purchases), and Gadai Emas (gold-backed loans). Tokopedia and Bukalapak, major Indonesian e-commerce platforms, offer digital gold investment products in partnership with gold dealers. Major gold markets include Cikini in Jakarta, Pasar Raya Padang, and various traditional markets across Java. Indonesia's jewelry manufacturing sector is centered in Yogyakarta and Bali. The Jakarta Futures Exchange (JFX) lists gold futures contracts in rupiah. Indonesia is also a significant gold mining nation — besides Grasberg, major mines include Batu Hijau (Sumbawa), Gosowong (Halmahera), and numerous artisanal and small-scale mining operations (ASGM) that produce an estimated 65-100 tonnes annually, much of which enters the market through informal channels.