Indonesia Daily Focus August 11, 2026
Five syariah gold ETFs list on the IDX today under OJK effective letters dated August 4, each holding electronic gold receipts issued by Pegadaian, which also vaults the metal, while units settle in the same KSEI sub account as equities.
Five syariah gold ETFs list on the IDX today under OJK effective letters dated August 4, each holding electronic gold receipts issued by Pegadaian, which also vaults the metal, while units settle in the same KSEI sub account as equities.
Transaction cost, not a gold call, is the argument. Antam bars carried a round trip near 9% on July 31 before income tax of 0.45% on purchase and 1.5% on buyback, doubling without an NPWP, against about 5% for Tabungan Emas.
Small tickets pay more for identical metal, with the 0.5g bar around 6% above the 100g bar per gram. An ETF removes that denomination premium and replaces an administered spread with a market bid ask plus an annual fee.
Suits share investors with a defined horizon who prefer selling at market over a dealer's posted buyback. Small regular savers keep more optionality with Tabungan Emas, which can be pawned or printed into bars.
