Gold prices in the Philippines increased on Friday, with FXStreet data indicating the price per gram rose to 9,086.12 Philippine Pesos (PHP) from the previous day’s 9,060.41 PHP. The price per tola also rose from PHP 105,678.80 to PHP 105,976.40.
The gold price in different units was noted: 9,086.12 PHP per gram, 90,859.16 PHP for 10 grams, and 282,609.60 PHP per troy ounce. FXStreet adapts international gold prices to the local currency, with updates based on daily market rates.
The Value Of Gold
Gold has been a valued asset throughout history, often used as a store of value and medium of exchange. Apart from being used in jewellery, it is seen as a safe-haven asset, a hedge against inflation, and currency depreciation.
Central banks are major holders of gold, accumulating 1,136 tonnes valued at $70 billion in 2022. This marked the highest yearly purchase, with banks from emerging economies rapidly increasing reserves.
Gold’s price tends to move inversely to the US dollar and Treasuries. Geopolitical instability and recession fears can drive prices up, while the dollar’s strength can suppress gold prices. Instability or lowered interest rates often increase gold demand.
We are seeing gold rise, reflecting its inverse relationship with the US dollar. The Dollar Index (DXY) has recently slipped below 102, a noticeable drop from its highs in late 2025, as markets anticipate a shift in central bank policy. This weakening dollar directly translates into higher gold prices for holders of other currencies.
Factors Affecting Gold Prices
The primary driver is the growing expectation that the Federal Reserve will begin cutting interest rates later this year. With US inflation figures from December 2025 moderating to 2.8%, the pressure to maintain high rates is easing. As a yield-less asset, gold becomes much more attractive when interest-bearing assets like bonds offer lower returns.
This sentiment is amplified by sustained buying from central banks, a trend that has continued since we saw record purchases back in 2022. The World Gold Council’s data for 2025 confirmed that emerging market banks added another 800 tonnes to their reserves, seeking to diversify away from the dollar. This provides a strong underlying floor for gold prices.
At the same time, we’ve observed increased volatility in equity markets, with the S&P 500 pulling back from its January highs. This flight to safety is characteristic of uncertain economic times and benefits gold’s safe-haven status. The inverse correlation between stocks and gold is playing out just as we would expect.
For derivative traders, this environment signals an increase in expected price swings. Implied volatility on gold options has been climbing, suggesting that now is a good time to consider strategies that benefit from upward movement, such as buying call options or using bull call spreads to manage costs. Looking back at the market reaction in late 2024 when the Fed first signaled a pause in its hiking cycle, gold began a multi-month rally that rewarded those positioned for the upside.
