Gold prices in the Philippines saw a modest increase on Friday, according to data compiled by FXStreet. The price of gold per gram reached PHP 5,051.33, up from PHP 5,037.20 the previous day, reflecting a slight upward movement in the market. Similarly, the price per tola rose to PHP 58,916.89, from PHP 58,752.90 on Thursday, signaling a positive trend in the precious metal’s value.
The updated gold prices in various units are as follows:
- 1 Gram: PHP 5,051.33
- 10 Grams: PHP 50,512.59
- 1 Tola: PHP 58,916.89
- 1 Troy Ounce: PHP 157,114.20
These prices are derived by FXStreet through an adaptation of international gold rates, converting them to the local currency using the current USD/PHP exchange rate. The prices are recalculated and updated daily based on the latest market conditions at the time of publication. However, it’s important to note that local rates may slightly differ from the reported figures.
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