The price of gold in the Philippines rose on Thursday, reflecting continued global investor interest in the precious metal as a hedge against economic uncertainty and currency volatility. According to data from FXStreet, gold prices in local currency posted a modest but steady gain across all standard weight units.
As of the latest update, gold was priced at ₱6,042.14 per gram, marking an increase from ₱6,014.01 on Wednesday. This rise in value reflects broader international trends, where gold continues to draw support from safe-haven demand amid persistent macroeconomic and geopolitical tensions.
In other standard weight measurements:
10 grams of gold are now valued at ₱60,421.44
A tola of gold has increased to ₱70,474.38, up from ₱70,146.27 the previous day
A troy ounce of gold is now priced at ₱187,931.80
The price increase follows a wider global rally in gold markets this year. Driven by inflation concerns, central bank buying, and waning confidence in major fiat currencies like the U.S. dollar, gold has experienced a notable surge in demand. Central banks, particularly in emerging markets, have been accumulating gold at record rates, while retail investors increasingly see it as a long-term store of value.
In the Philippines, fluctuations in the peso, coupled with global economic instability, have further heightened local interest in gold as both an investment and a wealth-preservation tool. Jewelry demand also remains strong, particularly during wedding seasons and religious festivals, adding to domestic consumption.
Financial analysts note that the steady rise in gold prices may continue in the near term, especially if inflationary pressures persist and the global economic outlook remains uncertain.
While some caution that gold may face temporary pullbacks after sharp rallies, most analysts agree that structural factors—such as geopolitical risk, high debt levels in major economies, and shifting central bank reserves—continue to support the metal’s long-term appeal.
For Filipino consumers and investors, the rising gold price underscores both an opportunity and a challenge: an attractive asset for wealth preservation, but one that is becoming increasingly expensive to acquire.
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