Gold prices saw an uptick in the Philippines on Tuesday, reflecting a strengthening in the precious metal’s market value.
The cost of gold rose to ₱6,343.56 per gram, marking an increase from Monday’s price of ₱6,234.91. This upward trend was mirrored across various units of measurement. The price per tola climbed to ₱73,985.91, up from ₱72,722.75 the previous day.
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Updated gold rates across key units are as follows:
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- 1 Gram: ₱6,343.56
- 10 Grams: ₱63,432.06
- 1 Tola: ₱73,985.91
- 1 Troy Ounce: ₱197,306.90
The rise in gold prices comes amid shifting global market dynamics, with investors closely watching inflation indicators and geopolitical developments that traditionally influence demand for safe-haven assets like gold.
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