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Gold prices in the Philippines moved higher on Wednesday, according to data from FXStreet, reflecting continued global demand amid ongoing economic uncertainties.
The price of gold rose to PHP 6,002.09 per gram, up from PHP 5,968.30 on Tuesday. Similarly, the price per tola increased to PHP 70,005.88, compared to PHP 69,613.05 the previous day.
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Here is a breakdown of gold prices in Philippine Pesos (PHP) as of Wednesday:
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| Unit Measure | Gold Price (PHP) |
|---|---|
| 1 Gram | PHP 6,002.09 |
| 10 Grams | PHP 60,019.58 |
| 1 Tola | PHP 70,005.88 |
| 1 Troy Ounce | PHP 186,675.00 |
The rise in local gold prices mirrors broader trends in global markets, where bullion has gained on geopolitical tensions and investor caution ahead of key inflation data releases.
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