Gold price in Philippines: Rates on July 21
Gold prices rose in Philippines on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 8,037.94 Philippine Pesos (PHP) per gram, up compared with the PHP 7,955.80 it cost on Monday. The price for Gold increased to PHP 93,753.77 per tola from PHP 92,794.92 per tola a day earlier.Unit measureGold Price in PHP1 Gram8,037.9410 Grams80,382.97Tola93,753.77Troy Ounce250,009.00 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. Gold FAQs Gold has played a key role in human‘s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify