Gold prices in the Philippines rose on Tuesday, according to FXStreet data. The price per gram increased to 7,801.50 Philippine Pesos, up from 7,690.79 PHP the day before. The cost per tola also went up to 90,995.10 PHP, compared to 89,703.91 PHP on Monday. Other gold prices include 78,014.95 PHP for 10 grams and 242,652.90 PHP per troy ounce.

Tracking Gold Prices

FXStreet monitors gold prices in the Philippines by matching international rates with local currency and units. These prices are updated daily and may vary from local rates. Globally, gold is considered a reliable store of value and a safe-haven asset. Central banks are significant buyers and added 1,136 tonnes of gold in 2022, valued at around $70 billion. Gold prices usually move in the opposite direction of the US Dollar and Treasuries. Various factors such as geopolitical events, economic conditions, and dollar performance affect prices. Gold often rises when the dollar weakens, providing diversification during uncertain times. Prices can change based on interest rates and market emotions. As a non-yielding asset, gold does well when interest rates are low, but a strong dollar can keep its price down.

Gold Price Movement

Gold prices are climbing today, now at PHP 7,801.50 per gram, indicating strong momentum. This follows a period of trading near record highs, making traders cautious about potential profit-taking. The important question is whether this rise is a genuine breakthrough or just a final push before a correction. A key factor to watch is the typical inverse relationship between gold and the US Dollar. Recently, the dollar has been strong, which usually puts downward pressure on gold prices. The current rise in gold, despite a strong dollar, suggests there is significant demand for the metal, likely driven by safe-haven interest. This demand is strongly backed by central banks, which have consistently bought gold for years. The record 1,136 tonnes purchased last year set a new trend that has continued through early 2025. This institutional buying has helped keep prices steady during uncertain times. Attention is now focused on the upcoming speech from the Federal Reserve Chair. Inflation has remained high, with the latest US Consumer Price Index for September 2025 showing a rate of 2.9%, still above the Fed’s target. If the Fed takes a hawkish stance, it could strengthen the dollar and lead to a sharp drop in gold prices. For traders using derivatives, this environment suggests a strategy focused on volatility. Implied volatility is likely to increase ahead of the Fed’s remarks, making long straddles or strangles on gold futures appealing. This strategy could profit from significant price changes in either direction, without needing to predict the speech’s outcome. Those with a specific market outlook might consider options spreads to manage risk. If you think ongoing global uncertainty will keep driving safe-haven buying, a bull call spread could capture potential gains with a defined maximum loss. Conversely, if you expect a stronger dollar to negatively impact gold, a bear put spread could help you profit from a downturn. Create your live VT Markets account and start trading now.

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