Gold Shines Brighter in Philippines
Gold price today in Philippines has again gone up, and this news is very important for all those people who look for safe options in investment. On Monday, the price of gold was recorded at 6,403.11 Philippine Pesos (PHP) per gram, which is more than Friday’s 6,349.64 PHP. Similarly, the price of tola also reached 74,684.34 PHP which was 74,060.96 PHP on Friday.
If you check daily rates, today’s table clearly shows that:
- 1 Gram Gold: PHP 6,403.11
- 10 Grams Gold: PHP 64,030.86
- 1 Tola: PHP 74,684.34
- 1 Troy Ounce: PHP 199,160.70
These prices are based on daily market updates which are calculated on the basis of international USD/PHP exchange and demand. But keep in mind that the rates of local jewelers may be slightly different.
Why People Still Believe in Gold?
Gold has always held a strong position in human history. Not just as a jewelry but also as a safe-haven asset. Whenever there is uncertainty in the world or the economic market is down, people invest in gold to secure their money.
Gold is also the easiest and traditional way to protect against inflation, because it is not dependent on any one government or issuer. That is why even today gold is considered a trusted and long-term wealth protection asset.
Global Market Moves Gold Higher
On Monday, gold made a new record at the international level as well. Spot gold rose 0.8% to reach $3,475.72 an ounce, which is the highest since April 23. U.S. Gold futures also rose 0.9% to trade at $3,546.10 per ounce.
The main reason for this sudden jump is the expected rate cut by the U.S. Federal Reserve. San Francisco Fed President Mary Daly also said that now the time has come to recalibrate the policy. Traders took these dovish comments as a positive signal and the demand for gold increased even more.
At the same time, the U.S. appeals court also declared illegal most of President Trump’s tariffs, which have been putting pressure on the dollar. When the dollar weakens, the shine of gold naturally increases even more.
Silver Hits a 14-Year High
Not just gold, silver also saw a tremendous jump in its value. Silver rose 2% to reach $40.44 an ounce, the highest since September 2011. Due to the U.S. bank holiday, liquidity was low and due to this the price movements appeared sharper.
Experts says that the supply of silver is tight and if the U.S. rate is cut, then the upward trend of silver can become even stronger. Apart from this, platinum rose 0.8% to $1,375.41 and palladium also rose 1.1% to reach $1,121.09.
Conclusion
Gold and silver prices are rising in the Philippines and around the world. This is a clear signal to investors that interest in safe-haven assets is still strong. Whether it is the local market or the international one, one thing is clear everywhere – gold always remains a bright hope.
Disclaimer:
The gold and silver rates given in this article are for informational purposes only. The rates of local jewellers may differ. Always seek the advice of your financial advisor before making an investment decision.
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