Gold Price Today in the Philippines
The live table shows the gold price in the Philippines in pesos (₱) per gram for 24K down to 10K, plus 10 grams and one ounce of pure gold. It is the world price converted at the live USD/PHP rate; jewelers, malls and pawnshops quote their own per-gram prices on top of or below this level.
Live gold rate in the Philippines (PHP)
| Weight & purity | Live price |
|---|---|
| 24K gold · 1 gram | live |
| 24K gold · 10 grams | live |
| 24K gold · 1 troy ounce | live |
| 22K gold · 1 gram | live |
| 21K gold · 1 gram | live |
| 18K gold · 1 gram | live |
| 18K gold · 10 grams | live |
| 14K gold · 1 gram | live |
| 10K gold · 1 gram | live |
World gold (OANDA:XAUUSD) × USD/PHP (FX_IDC:USDPHP), scaled to each weight and karat. International parity: the live world gold price converted at the current exchange rate, scaled by weight and purity. It excludes local dealer premiums, taxes and making charges. How we calculate
How gold is priced in the Philippines
There is no single official retail gold price in the Philippines. The reference is the world price in dollars converted into pesos, and every seller adds or subtracts from it according to what it does. Mall jewelers price finished pieces per gram with design and brand built in. Pawnshops appraise gold per gram to set loan amounts and to price the forfeited jewelry they resell. Bullion is a small market compared with jewelry, so most Filipinos meet the gold price through a ring, a necklace or a pawn ticket.
Because the peso floats, the local price moves with both gold and the exchange rate. A weaker peso raises gold in pesos even on days when the dollar price is flat, which is one reason overseas Filipino workers often compare prices in dollars and pesos before sending money home for gold.
Karats in common use
| Karat | Gold content | Where you see it |
|---|---|---|
| 24K | 99.9% | Bars, some imported chains |
| 21K and 22K | 87.5% and 91.6% | Pieces sold as "Saudi gold" or bought in the Middle East |
| 18K | 75% | The standard for local fine jewelry and wedding rings |
| 14K and 10K | 58.5% and 41.7% | Lower-priced and fashion jewelry, some imports |
"Saudi gold" is a market label, not a hallmark. It usually means 21K or higher-karat gold in a bright yellow Middle Eastern style. Ask for the actual karat and check the stamp. Our 21K and 18K pages explain each purity.
Pawnshops and the gold price
Pawning is one of the most common ways Filipino households use gold. The pawnshop tests the karat, weighs the piece, applies its own per-gram appraisal rate for that karat and lends a share of the appraised value. Appraisal rates are below the retail price and vary between chains and branches, and they are adjusted as the world price and the peso move. If the loan is not redeemed, the item is auctioned or sold, often through the pawnshop's own jewelry counter.
Where people buy
- Meycauayan, Bulacan has long been known as a jewelry-making centre, with workshops and wholesale sellers offering lower prices per gram than malls.
- Mall jewelers in Metro Manila, Cebu and Davao sell branded pieces with fixed tags; the per-gram price is higher, but returns and warranties are clearer.
- Pawnshop counters sell pre-owned gold, sometimes close to the gold value, with limited choice.
- Bangko Sentral ng Pilipinas buys gold from small-scale miners, which is part of how the country's reserves are built; it does not sell jewelry to the public.
Worked example (illustrative)
Suppose 24K parity is ₱7,700 per gram, so 18K parity is ₱5,775 per gram (75% of it). A jeweler offers a 5 g 18K ring at ₱6,500 per gram:
| Item | Calculation | Amount |
|---|---|---|
| Gold content at parity | 5 g × ₱5,775 | ₱28,875 |
| Price asked | 5 g × ₱6,500 | ₱32,500 |
| Markup over gold value | ₱32,500 − ₱28,875 | ₱3,625 |
| Markup in percent | ₱3,625 ÷ ₱28,875 | ≈ 12.6% |
The figures are examples only. A markup in this range covers workmanship, the seller's costs and profit; a markup far above it is paying for brand or design, and a price below parity should make you check the karat.
Tips before buying or pawning
- Check the karat stamp (18K, 750, 21K) and ask the seller to test it if you are unsure.
- Ask for the price per gram and the weight, not just the tag price, so you can compare shops.
- Compare pawnshop appraisal rates at two or three branches before pawning a heavy piece.
- Keep receipts; they help when you resell or redeem.