Gold Price in Manila Today

Ongpin Street Gold Shops, Binondo — Manila is the Philippines' gold market, and Ongpin Street in Binondo — the world's oldest Chinatown — is its historic gold district, lined with jewellers and gold traders. The Philippines quotes gold per gram, and 18K is the everyday standard: it is the karat pawnshops use for their gold-buying rates, and most local jewellery is 18K. Higher-karat pieces — 21K and 22K, often called 'Saudi gold' — are popular for investment and gifting, and 24K bars are the purest buy. Pawnshops are a major part of the trade, buying and selling gold alongside the jewellers.

In Manila, compare the per-gram price between the Ongpin jewellers and the pawnshop buying rates — pawnshops quote lower when they buy from you than when they sell. 18K is the standard for everyday jewellery and the easiest to resell locally; 21K/22K 'Saudi gold' and 24K bars suit investment. Check the karat stamp (18K, 21K, 22K, 24K) and keep the invoice. Mall jewellers charge more for making than the Ongpin shops for similar designs.

18K is the everyday standard in Manila and the karat pawnshops quote; 21K and 22K ('Saudi gold') are popular for investment and gifting, and 24K bars are the purest buy.