Oro, Plata, Mata follows two aristocratic families in Negros during World War II. It is structured in three parts: Oro – a life of luxury and comfort in the city, Plata – a still-luxurious time of refuge in a provincial hacienda, and finally, Mata – a toilsome retreat deeper into the mountains.

A young woman takes a job as a personal maid for a rich young man. The pair do not get along, but soon due to their classmates' games of love, their relationship grows more complicated than before.