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Commodities

Gold Prices Surge in Philippines Amid Safe-Haven Demand

Guavy AI Editorial Team
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Gold
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The price of Gold in the Philippines has increased on Wednesday, according to data compiled by FXStreet. The current price for Gold is 8,720.59 Philippine Pesos (PHP) per gram, up from PHP 8,664.62 it cost on Tuesday.

The price for Gold also rose to PHP 101,715.20 per tola from PHP 101,062.50 per tola a day earlier. The increase in Gold prices is attributed to its safe-haven status and inverse correlation with the US Dollar (USD).

FXStreet calculates Gold prices in the Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on market rates taken at the time of publication.

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