Gold prices in the Philippines advanced on Thursday, continuing a positive trend driven by steady demand and global market influences. According to the latest data from FXStreet, the value of gold saw modest yet notable gains across various standard weight measurements.
The price of gold per gram rose to ₱5,975.95, an increase from ₱5,932.76 recorded on Wednesday. This upward movement was also reflected in other units, with the price per tola increasing to ₱69,702.30, compared to ₱69,198.52 a day earlier. A 10-gram quantity of gold is now priced at ₱59,759.50, while a troy ounce—the global standard unit for precious metals—has reached ₱185,872.40.
This rise in gold prices comes amid a broader global uptick, often influenced by fluctuations in the U.S. dollar, inflation expectations, and investor sentiment in the face of economic uncertainties. In many markets, gold is seen as a safe-haven asset, and shifts in demand often correspond to geopolitical tensions or volatility in equity markets.
Local demand in the Philippines, particularly in the jewelry and investment sectors, has also contributed to the rising prices. The Philippine peso’s exchange rate dynamics, combined with import costs and global gold valuations, continue to play a role in daily price adjustments.
For consumers and investors in the Philippines, this trend may signal an opportune moment to evaluate gold holdings or consider new investments. However, analysts caution that gold markets remain sensitive to international developments and monetary policy signals from major economies.
The following table summarizes the latest gold prices in the Philippines:
| Unit of Measure | Gold Price (PHP) |
|---|---|
| 1 Gram | ₱5,975.95 |
| 10 Grams | ₱59,759.50 |
| 1 Tola | ₱69,702.30 |
| 1 Troy Ounce | ₱185,872.40 |
Market watchers will continue to monitor gold price movements closely, as economic conditions both at home and abroad evolve.
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