Gold prices in the Philippines experienced an increase on Tuesday, according to FXStreet data. The cost per gram rose to 7,801.50 Philippine Pesos, up from 7,690.79 PHP the previous day.

The price per tola climbed to 90,995.10 PHP, compared with 89,703.91 PHP on Monday. Gold’s cost for other measures included 78,014.95 PHP for 10 grams and 242,652.90 PHP per troy ounce.

Tracking Gold Prices

FXStreet tracks gold prices in the Philippines by aligning international figures with local currency and units. These prices update daily and might differ from local rates.

In global terms, gold is a long-standing store of value and safe-haven asset. Central banks are major buyers, with their gold reserves increasing by 1,136 tonnes, valued at approximately $70 billion in 2022.

Gold tends to move inversely to the US Dollar and Treasuries. Factors affecting prices include geopolitical events, economic conditions, and USD performance. Gold may rise when the dollar weakens, offering diversification during turbulent periods.

Prices can fluctuate based on interest rates and market sentiment. As a non-yielding asset, gold benefits from lower interest scenarios, while strong dollar conditions can suppress its price.

Gold Price Movement

We are seeing gold prices rise today, hitting PHP 7,801.50 per gram, which signals strong immediate momentum. This comes after a period where gold has already been trading near record highs, so traders should be cautious of profit-taking. The key question is whether this is a genuine breakout or the final push before a correction.

A major factor to watch is the inverse relationship between gold and the US Dollar. The dollar has shown strength recently, which would normally weigh on gold prices. The fact that gold is rising despite this suggests there is a significant underlying bid for the precious metal, likely driven by safe-haven demand.

This underlying demand is strongly supported by central banks, who have been consistent buyers for years. Looking back, the record 1,136 tonnes purchased in 2022 set a new precedent that has largely continued through 2024 and the first half of 2025. This institutional buying has created a solid floor for prices during periods of uncertainty.

All eyes are now turning to the upcoming speech from the Federal Reserve Chair. Inflation has remained stubborn, with the latest US Consumer Price Index data from September 2025 showing a reading of 2.9%, still well above the Fed’s target. A hawkish tone from the Fed could strengthen the dollar and trigger a sharp pullback in gold.

For derivative traders, this environment suggests playing for volatility. Implied volatility is likely to rise ahead of the Fed’s commentary, making long straddles or strangles on gold futures an interesting strategy. This approach would profit from a large price swing in either direction, without needing to predict the outcome of the speech.

Those with a directional view could use options spreads to manage risk. If you believe persistent global uncertainty will continue to drive safe-haven flows, a bull call spread could capture further upside with a defined maximum loss. Conversely, if you expect a stronger dollar to finally weigh on the metal, a bear put spread offers a way to position for a downturn.

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