How silver is priced in Indonesia
In Indonesia silver (perak) is quoted in rupiah per gram for jewellery and per bar or kilo for 999 investment silver. The figures on this page are the international spot price converted to rupiah: the metal value before VAT, dealer premiums and workmanship, so shops sell above these numbers and buy back below them.
VAT: silver is taxed, gold bars are not
Gold bars of 99.99% purity are sold without VAT, but silver has no such facility. Silver bars, coins and jewellery are ordinary taxable goods carrying the standard 12% PPN; for goods outside the luxury-goods list it has been charged on a base of 11/12 of the price since January 2025, so it works out at about 11%. Exports of silver are zero-rated. At a parliamentary hearing on 31 March 2026, the state miner and refiner Antam asked the government to exempt pure silver from VAT, as it does gold bars, arguing that the tax holds back a domestic silver investment market. Check the current treatment before a large purchase.
Silver for craftsmen
One part of the silver trade is exempt: silver grain and silver bars used as raw material for silver crafts are free of VAT on import and on delivery under Government Regulation 49/2022, and craftsmen do not need an exemption certificate. The rule supports Indonesia's silversmithing centres, such as Kotagede in Yogyakarta and Celuk in Bali, known for filigree and hand-worked jewellery.
Buying and selling silver
Silver has no widely followed daily benchmark like Antam's gold price. Dealers price it from the dollar spot price and the rupiah exchange rate, then add a premium and VAT. Investment silver is 999 fine, and jewellery is mostly 925 sterling silver. Silver needs far more storage space than gold for the same value, and its buy/sell spread is wider, so compare total prices including VAT and ask for the buyback price before you buy.
Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.