Gold price in Philippines: Rates on July 28
Extracto:Gold prices in the Philippines declined on Tuesday, with the cost per gram dropping to PHP 8,010.13 from PHP 8,077.87 the previous day, according to FXStreet data. The price per tola also fell to PHP 93,435.17 from PHP 94,218.74. FXStreet calculates these figures by adapting international prices to the local currency and measurement units, noting they are reference rates that may differ slightly from local market prices. The article also provides general background on gold as a safe-haven asset and its inverse relationship with the US Dollar and interest rates.
Gold prices fell in Philippines on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 8,010.13 Philippine Pesos (PHP) per gram, down compared with the PHP 8,077.87 it cost on Monday.
The price for Gold decreased to PHP 93,435.17 per tola from PHP 94,218.74 per tola a day earlier.
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
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