06.04.2026 06:01

Gold prices slipped in the Philippines on Monday, according to figures compiled by FXStreet. The metal traded at 9,078.41 Philippine pesos (PHP) per gram, a modest drop from the 9,115.74 PHP recorded on Friday. In terms of the traditional local unit, the tola, gold fell to 105,889.60 PHP, down from 106,324.20 PHP the day before.

The latest price list shows the following benchmarks: 1 gram at 9,078.41 PHP, 10 grams at 90,785.16 PHP, 1 tola at 105,889.60 PHP, and 1 troy ounce at 282,366.10 PHP. FXStreet derives these Philippine rates by converting the global USD price of gold into local currency and then applying the appropriate measurement conversions. Updates are posted daily, reflecting market conditions at the time of release; however, actual local transaction rates may vary slightly.

Gold has long been revered as both a store of wealth and a medium of exchange throughout human history. Beyond its enduring appeal for jewelry, the precious metal is now widely regarded as a safe‑haven asset, often sought after during periods of market turbulence. Many investors turn to gold as a hedge against inflation and currency depreciation because it is not tied to any single issuer or government.

Central banks remain the largest custodians of gold worldwide. By adding the metal to their reserves, they aim to bolster confidence in their currencies, diversify assets, and signal economic stability. In 2022, central banks collectively purchased 1,136 tonnes of gold—valued at roughly $70 billion—the biggest annual acquisition on record, according to the World Gold Council. Emerging economies such as China, India, and Turkey have been especially aggressive in expanding their gold holdings, underscoring the metal’s continued relevance as a foundation of financial security.