Gold Price in the Philippines Today: Ongpin Jewelry Center Insights

Gold has always been a popular investment and sentimental choice in the Philippines. Whether it’s heirloom pieces, jewelry gifts, or gold bought over the years, many Filipinos watch gold price trends closely, especially when deciding whether to buy or sell.

A few weeks ago, I visited the Ongpin Jewelry Center in Binondo to check the real-time gold rates. It was an eye-opener that changed my perspective on when it’s smart to sell vs buy gold.

Current Gold Price in the Philippines (2026)

As of this writing, the buying price (how much gold dealers pay you) is around:
₱8,200 to ₱8,500 per gram

Meanwhile, the selling price (how much you pay to buy gold) is around:
₱6,500 to ₱7,200 per gram

That difference might surprise many Filipinos — especially if your last gold purchase was several years ago.

How Much Has Gold Prices Changed?

Compare the current rate to roughly three years ago, and you’ll see a dramatic shift. Back then, gold prices were about three times lower than what they are today. This means gold has appreciated significantly, making it a strong seller’s market.

Why It’s Not the Best Time to Buy Gold

With the current price gap between buying and selling rates, it’s clear:

✔️ Gold prices are high
✔️ The selling price is lower than the current buying rate
✔️ Buying gold now could cost you more than you might gain later

Simply put, if you’re thinking about buying gold at these prices — especially for investment purposes — it might not be the smartest move right now.

Instead, this could be an ideal time to sell your gold at a good price and maximize what you get from it.

Why This Matters for You

If you have old gold jewelry tucked away from special moments, gifts, or family heirlooms, this current price environment could give you a financial edge. Instead of letting these pieces stay in storage, converting them to cash at today’s rates might be worth considering.

During my visit to Ongpin Jewelry Center, I learned that most stores help customers check real-time rates and assess the value of jewelry on the spot. Most even display their rates on screens similar to airport flight boards — making it convenient for customers to see the current buy/sell pricing before making a decision.

Tips Before You Sell Your Gold

If you plan to sell your gold, here are a few practical tips:

Check rates at multiple jewelry shops (not just one)
Ask for spot price documentation before committing
Bring your original receipts if available
Know that weight and purity (karat) affect the value

Selling gold can feel emotional, especially if the pieces have sentimental value — but with gold this high, it might be an opportunity to get real value from them.

Final Thoughts

Gold prices in the Philippines have significantly increased over the years, and right now, the market strongly favors sellers rather than buyers. If you’ve been holding onto old gold items or considering selling for extra cash, this may be the right time to take action.

Before you make a decision, just be sure to do your research and check with trusted gold dealers like those at Ongpin Jewelry Center.