Gold prices in the Philippines fell on Friday, according to FXStreet data. Gold was priced at PHP 9,329.38 per gram, down from PHP 9,349.44 on Thursday.
Gold also slipped to PHP 108,816.00 per tola from PHP 109,050.10 the day before. Other listed prices were PHP 93,293.79 for 10 grams and PHP 290,176.10 per troy ounce.
How FXStreet Calculates Local Gold Prices
FXStreet converts global gold prices into Philippine pesos using the USD/PHP exchange rate and local measurement units. The numbers are updated daily using market rates at the time of publication, and local prices may differ.
Gold has long been used to store value and as a form of payment. It is also used in jewellery and is often bought to help protect against inflation and a weaker currency.
Central banks hold the biggest gold reserves. In 2022, they added 1,136 tonnes worth about $70 billion, according to the World Gold Council.
Gold often moves in the opposite direction to the US Dollar and US Treasuries. Prices can also change due to geopolitical risks, recession concerns, and shifts in interest rates.
Market Outlook For Gold In The Coming Weeks
Gold’s small drop today looks like a short-term move, not a change in the overall trend. Over the next few weeks, the bigger driver is likely the US Dollar, which has weakened on expectations of future policy changes. Because gold often moves opposite the dollar, a softer dollar can support gold.
We are watching the US Federal Reserve closely as investors look for a shift away from tight monetary policy. Core inflation data for January 2026 stayed above target at 2.8%, which adds uncertainty about when rate cuts may start. When rates are high but expected to fall, gold can benefit because it does not pay interest.
Central bank buying also remains a strong support, a trend we followed closely through 2025. After record purchases in 2022, central banks worldwide added more than 800 tonnes to their reserves last year. Steady demand like this can help limit downside, especially when countries are diversifying away from certain currencies.
For derivatives traders, one possible approach is buying call options on gold futures to help hedge against an equity market drop. Growing talk of a possible US recession later this year could trigger a move toward safer assets, which may pressure stocks and support gold. Implied volatility on gold options is still moderate, which may offer a chance to position for a potential rise in prices in the second quarter.
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