Position indicator

A position indicator includes a first electrode receiving an alternating current (AC) signal from a position detecting sensor and a second electrode transmitting an AC signal to the position detecting sensor. The position indicator includes: a tubular pen-shaped chassis; a central electrode provided such that one end protrudes outside of the chassis from an opening of the chassis, and formed of an electrically-conductive member forming a first one of the first and second electrodes; a peripheral electrode surrounding the central electrode and formed of an electrically-conductive member forming a second one of the first and second electrodes; and a shield member having a hollow part housing at least a part of the central electrode surrounded by the peripheral electrode. The shield member includes a tubular part electrically connected to ground and an insulating layer formed on an inner wall surface and an outer wall surface of the tubular part.