Executive Summary

Key insights and market outlook

Gold prices at Pegadaian show mixed movements across different sources. Antam gold prices at Pegadaian rose by Rp4,000 to Rp2,587,000 per gram on November 18, 2025 ¹

³, while Detik Finance reported a significant drop to Rp2,322,000 per gram ⁴. Buyback prices also varied, with Pegadaian reporting Rp2,255,000 per gram ² and Detik Finance stating Rp2,183,000 per gram ⁴.

Full Analysis

02

Deep Dive Analysis

Gold Price Movements Show Divergence Across Sources

Price Variations on November 18, 2025

Gold prices at Pegadaian exhibited different trends across various reports on November 18, 2025. According to Bisnis.com, Antam gold prices at Pegadaian rose by Rp4,000 to Rp2,587,000 per gram ¹

³. The buyback price was reported at Rp2,255,000 per gram ². In contrast, Detik Finance reported a significant drop in Antam gold prices to Rp2,322,000 per gram, representing a decrease of Rp29,000 ⁴.

Detailed Price Breakdown

For smaller denominations, the prices were as follows ³

:

0.5 gram: Sold at Rp1,349,000, buyback at Rp1,127,000
2 gram: Sold at Rp5,107,000, buyback at Rp4,510,000
5 gram: Sold at Rp12,683,000, buyback at Rp11,277,000
10 gram: Sold at Rp25,306,000, buyback at Rp22,554,000

For larger quantities ³

:

50 gram: Sold at Rp126,165,000, buyback at Rp112,221,000
100 gram: Sold at Rp252,244,000, buyback at Rp224,443,000
1000 gram (1 kg): Sold at Rp2,520,760,000, buyback at Rp2,233,381,000

Market Analysis

The divergence in reported prices highlights the complexity of gold trading dynamics. Factors contributing to these variations may include:

Different sources and their respective update frequencies
Potential variations in gold purity verification processes
Market fluctuations during trading hours
Different transaction methods (physical vs online)

Tax Implications

It's worth noting that according to Peraturan Menteri Keuangan (PMK) Nomor 81 Tahun 2024, transactions above Rp10,000,000 will be subject to 1.5% PPh Pasal 22 ⁴

. This tax is deducted directly from the transaction value during buyback.

References