Antam's gold buyback price was observed to have increased ahead of the Fed meeting. Based on Precious Metals data on Wednesday (30/7/2025), the Antam gold buyback price, which is the benchmark for repurchases by PT Aneka Tambang Tbk. (ANTM), rose by Rp12,000 to Rp1,764,000. This position reflects a 29.23% increase since the beginning of 2025. However, Antam's gold buyback price is still far from its all-time high (ATH) of Rp1,888,000 on April 22, 2025. A gold buyback is a transaction to resell gold, whether in the form of precious metals, bullion, or jewelry. Typically, the quoted price is lower than the current selling price.
However, gold buybacks can still be profitable if there is a significant difference between the selling price and the buyback price. According to PMK No. 34/PMK.10/2017, reselling gold bullion to Antam with a nominal value of more than IDR 10 million is subject to Article 22 Income Tax (PPh) of 1.5 percent for NPWP holders and 3 percent for non-NPWP holders. Meanwhile, Article 22 Income Tax on buyback transactions is deducted directly from the total buyback value.
According to Bloomberg on Wednesday (July 30, 2025), the United States Federal Reserve (The Fed) is expected to maintain its benchmark interest rate at its current level at its July 29-30, 2025 meeting, marking the fifth consecutive meeting without a rate change. However, the possibility of dissenting votes from some Fed officials could signal that some members of the Federal Open Market Committee (FOMC) want to lower borrowing costs more quickly. With a wealth of economic data due before the next meeting in September 2025, Powell is expected to maintain a cautious stance while awaiting further clarity on the direction of the economy and monetary policy. "There's no doubt the FOMC will keep rates on hold. The question is whether they'll be more open to a rate cut at the September meeting," said Bill Nelson, Chief Economist at the Bank Policy Institute and a former senior economist at the Fed.
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