Gold prices in the Philippines rose on Tuesday, based on data compiled by FXStreet. Gold was priced at PHP 9,178.61 per gram, up from PHP 9,119.29 on Monday.
Gold increased to PHP 107,057.70 per tola from PHP 106,365.60 a day earlier. Other listed prices were PHP 91,786.59 for 10 grams and PHP 285,486.90 per troy ounce.
How FXStreet Calculates Philippine Gold Prices
FXStreet derives Philippine gold prices by converting international rates using the USD/PHP exchange rate and local measurement units. The figures are updated daily using market rates at the time of publication, and are provided as reference as local prices may vary.
Central banks are the largest holders of gold. They added 1,136 tonnes worth about $70 billion to reserves in 2022, according to the World Gold Council, the highest annual purchase on record.
Gold prices can move with geopolitical risks, recession fears, interest rates, and changes in the US Dollar, as gold is priced in dollars (XAU/USD). Gold also tends to move inversely to the US Dollar, US Treasuries, and risk assets such as equities.
The slight rise in local gold prices reflects a much larger global story for the weeks ahead. We see the US Dollar Index has softened by nearly 3% in the first quarter of 2026, which typically provides a tailwind for gold. This inverse correlation is a fundamental principle traders should be watching.
Implications For Traders
With the Federal Reserve signaling a potential pause on rate hikes, the opportunity cost of holding a non-yielding asset like gold is decreasing. Last month’s CPI data showed inflation remains persistent at over 3%, reinforcing gold’s appeal as a hedge against eroding purchasing power. We saw how gold performed well during the similar inflationary pressures experienced back in 2024.
Geopolitical tensions are also providing a floor for prices, increasing its status as a safe-haven asset during turbulent times. The World Gold Council’s data confirmed that central banks continued their aggressive buying through the end of 2025, adding over 800 tonnes to global reserves. This shows strong underlying demand from the biggest players in the market.
For derivative traders, this environment suggests that buying call options or call spreads could be a strategy to capitalize on potential upside. The Cboe Gold ETF Volatility Index (GVZ) is up 15% since January, indicating that options are pricing in larger price swings in the weeks ahead. This makes strategies that profit from volatility worth considering if a major price move is expected.
