Rancak Media – , JAKARTA — The Antam gold buyback price has registered a double-digit increase for the year-to-date 2025 period, extending up to Friday (21/11/2025).
According to data from Logam Mulia, PT Aneka Tambang Tbk.’s (ANTM) precious metals division, on Friday (21/11/2025), the Antam gold buyback price experienced a correction of Rp16,000, settling at Rp2,209,000. Despite this recent dip, the current position reflects a robust 61.83% surge for the year so far, highlighting a significant upward trend.
It is worth noting that the Antam gold buyback price embarked on a record-breaking rally, reaching an all-time high (ATH) between September and October 2025. This surge peaked when the price touched Rp2,336,000 on October 21, 2025.
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The buyback price, in this context, refers to the reference repurchase price for gold, based on a 1-gram measurement, offered by PT Aneka Tambang Tbk. (ANTM).
Gold buyback transactions involve reselling gold, whether in the form of precious metal bullion, bars, or jewelry. Typically, the price offered for a buyback is lower than the prevailing retail selling price at that moment.
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Nevertheless, a gold buyback can still yield profits if there is a substantial difference between the initial purchase price and the eventual buyback price.
In adherence to PMK No 34/PMK.10/2017, the resale of gold bars to Antam with a nominal value exceeding Rp10 million is subject to Income Tax Article 22 (PPh 22). This tax is levied at 1.5 percent for taxpayers holding an NPWP (Taxpayer Identification Number) and 3 percent for those without. Importantly, the PPh 22 on buyback transactions is directly deducted from the total buyback value.
Meanwhile, the trajectory of the Antam gold buyback price largely mirrors the broader movements of precious metals in the global market.
As reported by Bisnis on Friday (21/11/2025), the price of spot gold experienced a 0.6% decline, settling at US$4,058.29 per troy ounce. Concurrently, US gold futures for December delivery also fell by 0.6% to US$4,060 per ounce.
The strengthening of the US dollar against most major currencies further contributed to this downward pressure, making gold, which is priced in the greenback, more expensive for international investors.
A highly anticipated report from the US Labor Department, which had been delayed due to the government shutdown, revealed a significant increase in nonfarm payrolls by 119,000 in September. This figure more than doubled the projected 50,000.
“This data essentially confirms what the Fed communicated in October: a slowing but nonetheless stable labor market. The likelihood of an interest rate cut in December is now considerably smaller,” stated Peter Grant, vice president and senior metals analyst at Zaner Metals. Such conditions inevitably exert additional pressure on gold prices.
Currently, market participants are anticipating nearly a 40% chance of an interest rate cut next month. Gold, being a non-yielding asset, typically thrives in an environment characterized by lower interest rates.
Due to the government shutdown, the Bureau of Labor Statistics (BLS) canceled its data release for October and plans to combine it with the November report. This consolidated report is slated for publication on December 16, following the Federal Reserve’s next meeting.
In a related development, the minutes from the Fed’s October meeting, released on Wednesday, indicated that policymakers proceeded with an interest rate cut despite internal warnings that such a move could escalate inflation risks and potentially erode public confidence in the central bank.
Summary
The Antam gold buyback price has seen a substantial 61.83% increase year-to-date 2025, reaching Rp2,209,000 on November 21, 2025, despite a recent Rp16,000 dip. This price had previously hit an all-time high of Rp2,336,000 on October 21, 2025. While buyback transactions can be profitable, reselling gold bars worth over Rp10 million to Antam is subject to Income Tax Article 22.
Antam’s buyback price trajectory largely mirrors global gold market movements. On November 21, 2025, global spot gold prices fell 0.6% to US$4,058.29 per troy ounce, primarily due to a strengthening US dollar. Additionally, robust US nonfarm payroll data for September has decreased expectations for a December interest rate cut, which generally puts downward pressure on gold, a non-yielding asset.
