Philippine Gold Price Drops to 8,796.22 Pesos per Gram
Gold prices in the Philippines fell on Monday, with the per-gram rate dropping from Friday’s 8,840.30 pesos to 8,796.22 pesos.
Key points
- Gold price in the Philippines fell to 8,796.22 PHP per gram on Monday.
- The price per tola decreased to 102,597.40 PHP from 103,111.50 PHP.
- FXStreet data indicates a decline from the previous Friday closing rates.
The price of gold in the Philippines fell on Monday, dropping to 8,796.22 pesos per gram. This represents a decline from the previous closing rate of 8,840.30 pesos recorded on Friday.
The value of one tola also decreased, settling at 102,597.40 pesos. This marks a reduction from the Friday level of 103,111.50 pesos for the same unit.
Daily pricing data breakdown
FXStreet data shows the troy ounce price at 273,593.30 pesos. The ten-gram unit is currently listed at 87,962.21 pesos.
These figures reflect local market adjustments of international USD rates. Daily updates ensure the data matches current Philippine peso exchange rates.
Influences on precious metal values
Gold prices often move inversely to the strength of the US dollar. A weaker dollar typically supports higher gold prices for investors.
Central banks remain the largest holders of gold reserves. They often buy the metal to diversify assets during economic uncertainty.
Role as a safe haven
Investors view gold as a store of value and inflation hedge. It does not rely on any specific government or issuer.
