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Gold prices in the Philippines rose on Wednesday, reflecting global market strength and a weaker Peso, according to FXStreet data.
| Unit Measure | Gold Price (PHP) |
|---|---|
| 1 Gram | ₱5,902.63 |
| 10 Grams | ₱59,026.15 |
| 1 Tola | ₱68,846.95 |
| 1 Troy Ounce | ₱183,606.80 |
Up from Tuesday: Gold was priced at ₱5,881.16 per gram and ₱68,596.65 per tola just a day earlier.
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Factors in Play: The price uptick aligns with global gold momentum driven by a weaker U.S. Dollar, revived safe-haven demand, and intensifying geopolitical risks.
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Summary
Gold continues to assert itself as a hedge against uncertainty, with local prices reflecting both global dynamics and domestic currency shifts. The latest move puts gold near short-term highs in the Philippine market.
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