ESDM Minister Bahlil Lahadalia said on Monday that export duties for coal, gold and other minerals will be adjusted to global prices.
"We can impose an export duty if the selling price is high. But if the price is low, then don’t. However, for gold, it must be imposed because its price is very high," he said, noting the policy aims to bolster state revenue.
Earlier, Finance Ministry official Febrio Kacaribu said ministries and agencies had agreed on a gold export duty of 7.5 to 15 percent to strengthen revenue and encourage downstreaming.
He added that a finance ministerial regulation will be issued soon, as mandated by the 2026 State Budget Law.
Kacaribu said public demand for gold through state-owned Pegadaian and Bank Syariah Indonesia (BSI) remains high. He noted that global gold prices surged to over US$4,000 per troy ounce in the fourth quarter of 2025.
He explained that the draft regulation will apply the export duty to processed gold products, including dore, granules, cast bars, and minted bars.
Finance Minister Purbaya Yudhi Sadewa said the government expects to collect up to Rp6 trillion (around US$360 million) in additional revenue once the gold export duty is implemented.
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Translator: Putu Indah Savitri, Cindy Frishanti Octavia
Editor: Anton Santoso
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