Insights 
VT 
Gold prices in the Philippines held steady on Tuesday. The price per gram was 7,554.83 Philippine Pesos, only slightly adjusted from 7,561.08 PHP the day before.
The cost per tola was 88,122.50 PHP, down marginally from 88,190.95 PHP. For other measurements, 10 grams cost 75,552.10 PHP, and a troy ounce was priced at 234,987.00 PHP.
Gold Price Determination
Gold prices in the Philippines are derived from international prices, adjusted to fit local conditions using the USD/PHP rate. Prices are updated daily, though local variations might occur due to local market conditions.
Gold is historically a valuable asset, known for being a stable investment in volatile times. It’s perceived as a defence against inflation and currency depreciation.
Central banks are significant holders of Gold, using it to strengthen economic stability. In 2022, central banks purchased 1,136 tonnes.
Gold’s value tends to inversely correlate with the US Dollar and US Treasuries. Instability or low interest rates can push Gold prices higher, while a strong Dollar usually suppresses them.
Market Conditions and Future Trends
With gold prices in Philippine Pesos holding steady, we see a market pausing for its next catalyst. This current stability, around PHP 7,555 per gram, suggests low immediate volatility, but underlying factors point towards a potential upward move. This environment could make longer-dated call options an interesting play, as they might be relatively inexpensive right now.
The primary driver for us to watch is the US dollar and its relationship with interest rates. The latest US inflation report for September 2025 came in at a subdued 2.8%, fueling speculation that the Federal Reserve may pivot to a more dovetailed stance in early 2026. A weaker dollar, which would likely follow any hint of rate cuts, is historically a powerful tailwind for gold prices.
We also see a strong floor of support for the metal coming from institutional demand. Central banks have continued the aggressive buying pattern we saw accelerate back in 2022, with World Gold Council data for the third quarter of 2025 showing that emerging economies are still bolstering their reserves. This consistent buying provides a buffer against significant price drops and strengthens the case for gold as a core holding in turbulent times.
Considering these factors, positioning for a potential breakout in the coming weeks seems prudent. We are looking at bullish derivative strategies that can capitalize on a rise in volatility and price. The current calm is an opportunity to build positions before a potential shift in market sentiment driven by central bank policy and safe-haven demand.
