1. A position indicator comprising: a tubular core member formed by combining a substantially bar-like first magnetic core and a substantially bar-like second magnetic core such that they face each other in a transversal direction thereof to form a through-hole therebetween; a first coil wound around the tubular core member; a second coil wound around the second magnetic core; a substantially bar-like rod inserted into the through-hole of the tubular core member and adapted to indicate a position of the position indicator; a pen-pressure detecting element for detecting a pressure applied to an end of the rod; a capacitor connected to the first coil to form a resonant circuit; and a switch for controlling “on” and “off” states of the second coil, wherein at least one of the first magnetic core and the second magnetic core has a recessed portion formed therein, the recessed portion extending in the axial direction of the at least one of the first magnetic core and the second magnetic core so as to form the through-hole.