Gold prices in the Philippines fell on Thursday, according to FXStreet. The price per gram dropped to 9,132.23 PHP from 9,187.19 PHP the day before. The price per tola also decreased, settling at 106,517.80 PHP, down from 107,157.60 PHP. This information reflects international prices converted into local currency, updated daily based on market rates.

Gold As A Store Of Value

Gold has been a stable store of value and a medium of exchange for a long time. It is also used as protection against inflation. Central banks hold a significant amount of gold, adding 1,136 tonnes worth around $70 billion in 2022—the most substantial increase in a year recorded. Gold prices often rise when the US Dollar weakens and fall when the Dollar strengthens. Events like geopolitical instability or low interest rates can boost gold’s appeal as a safe asset. Typically, a strong Dollar keeps gold prices low, while a weak Dollar can push prices higher. The recent small dip in gold price has caught our attention. With the market focusing on upcoming central bank meetings, this might just be a short-term reaction to investors taking profits. We view this as a possible opportunity to buy before new policy changes are announced. The main factor to watch is the outlook on interest rates. The futures market currently suggests a 70% chance of a US rate cut by mid-year. Back in 2025, a strong Dollar limited gold’s growth, but that is changing. A weaker Dollar environment would significantly benefit gold prices.

Demand From Central Banks

We should also note the consistent demand from central banks, which added over 980 tonnes to their reserves in 2025, continuing the strong buying trend from previous years. This institutional purchasing supports a solid floor for gold prices. Ongoing geopolitical tensions are also keeping demand for gold strong. Global inflation remains stubborn, around 3.2% at the end of last year, reaffirming gold’s status as a hedge. After the strong equity market rally throughout 2025, signs of a slowdown are appearing. This makes holding gold call options a smart strategy to protect against potential declines in the stock market. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now