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Commodities

Gold Prices Plummet in Philippines on Thursday

Guavy AI Editorial Team
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Gold
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Gold prices in the Philippines took a hit on Thursday, according to data compiled by FXStreet. The price of gold dropped to PHP 7,990.18 per gram, down from Wednesday's rate of PHP 8,032.38 per gram.

The price decrease also extended to other units of measurement, with the cost of gold in the Philippines falling to PHP 93,197.50 per tola and PHP 248,522.00 per Troy ounce.

FXStreet calculates gold prices in the Philippines by adapting international prices (USD/PHP) to the local currency and measurement units, and updates them daily based on market rates at the time of publication.

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