Gold prices in the Philippines stayed mostly steady on Thursday. As reported by FXStreet, gold was priced at 7,526.76 Philippine Pesos per gram, a slight drop from 7,530.19 PHP the day before. The price for a tola was PHP 87,790.68, down from PHP 87,830.66. Other prices include 10 grams at 75,264.73 PHP and a troy ounce at 234,104.30 PHP.

Factors Affecting Gold Prices in the Philippines

Gold prices in the Philippines reflect international prices converted to local currency. Daily updates indicate market conditions, but local rates can vary slightly. Gold has long been seen as a store of value, widely used in jewelry, and viewed as a safe investment during economic troubles. Central banks are significant buyers of gold, purchasing 1,136 tonnes in 2022 to bolster their economies. Gold tends to move in the opposite direction of the US Dollar and US Treasuries. Its price is influenced by geopolitical tensions, fears of recession, and interest rates. Lower interest rates often boost gold prices, while higher rates can lower them. A weaker US Dollar usually leads to rising gold prices. Despite its current stability, gold prices might be misleading due to ongoing market unrest. The US federal government has been in a shutdown for nine days since October 1, 2025, leading to substantial economic uncertainty. Such instability typically increases gold’s attractiveness as a safe investment for investors.

Gold and the US Dollar

The US Dollar itself is also acting as a safe haven, creating challenges for gold. The Dollar Index (DXY) has risen above 107, making gold pricier for those using other currencies, which limits its potential to increase in price. This explains why gold has struggled to rise above certain levels, even with political issues in the US and France. Watching the Federal Reserve’s next actions will be crucial. If interest rates drop, gold, which does not yield interest, becomes more appealing. Currently, markets are predicting over an 80% chance of at least two more interest rate cuts by the end of 2025, according to the CME FedWatch Tool. This expectation gives solid underlying support for gold, even with a strong dollar. Additionally, we should acknowledge the ongoing buying trend from central banks. They have consistently purchased gold since their record buys in 2022. The latest data from the World Gold Council for Q3 2025 shows that central banks, especially in emerging economies, remain strong buyers. This steady demand helps stabilize the market and supports long-term prices. Given these mixed signals, market volatility is rising, with the VIX index staying above 25. For traders in derivatives, this suggests that using options might be a wise strategy in the upcoming weeks. Buying call options or bull call spreads can provide exposure to potential gains from rate cuts while minimizing risks from a robust US dollar. Create your live VT Markets account and start trading now.

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