Gold Prices Decline in the Philippines

by Yuki

Gold prices in the Philippines experienced a notable drop on Friday, according to data from FXStreet. The price of gold per gram decreased to 5,116.17 Philippine Pesos (PHP), down from 5,134.94 PHP the day before.

In addition, the price for gold measured in tola fell from 59,892.90 PHP to 59,673.14 PHP.

For further reference, here are the latest gold prices in various units:

1 Gram: 5,116.17 PHP

10 Grams: 51,160.77 PHP

1 Tola: 59,673.14 PHP

1 Troy Ounce: 159,130.20 PHP

FXStreet calculates gold prices in the Philippines by adjusting international gold rates (USD/PHP) to the local currency and standard measurement units. These prices are updated daily based on the prevailing market rates at the time of publication. It’s important to note that local prices may vary slightly from the quoted figures.

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