Gold and Silver Prices End Week Mixed as Volatility Grips Global Markets
Weekly Gold & Silver Market Report (May 3–9, 2026)
Global bullion markets remained highly active throughout the week as both gold and silver prices witnessed major fluctuations in international and Pakistani markets. Investors closely monitored changing trends, especially during the middle of the week when precious metals reached fresh highs.
Gold Prices Showed Strong Mid-Week Rally
Gold started the week on a strong note. On May 3, 2026, the international gold rate reached $4,612, while in Pakistan the price of gold per tola was recorded at Rs. 481,000.
However, prices slightly declined over the next two days:
- May 4: International rate dropped to $4,558, while Pakistan market remained at Rs. 478,000
- May 5: Gold slipped further to $4,552, with the local rate unchanged at Rs. 478,000
The market then witnessed a sharp rebound during the middle of the week:
- May 6: Gold jumped to $4,695 internationally and Rs. 486,000 in Pakistan
- May 7: Prices climbed even higher to $4,741 globally and Rs. 487,000 locally
Toward the end of the week, the market showed slight correction:
- May 8: Gold settled at $4,710 internationally and Rs. 484,000 in Pakistan
- May 9: Final weekly closing price stood at $4,713 globally and Rs. 483,000 locally
Silver Prices Recorded Steady Growth
Silver prices also followed an upward trend after a slow start to the week.
At the beginning of the week:
- May 3: International silver price was recorded at $75.7, while Pakistan market stood at Rs. 8,000
- May 4: Silver declined to $73.7, with the local rate unchanged
- May 5: International price slightly eased to $73.6, while Pakistan market stayed at Rs. 8,000
The market gained strong momentum from mid-week onward:
- May 6: Silver surged to $77.3 internationally and Rs. 8,200 locally
- May 7: Prices rose sharply to $80.1 globally and Rs. 8,600 in Pakistan
- May 8: Rates remained stable at $80.1 internationally and Rs. 8,600 locally
- May 9: Silver closed the week at $80.2 globally and Rs. 8,700 in Pakistan
Key Takeaways
- Gold remained highly volatile throughout the week with strong mid-week gains.
- Silver showed steady bullish momentum after May 5.
- Pakistani bullion markets largely followed international market trends.
- Investors continued to monitor global economic uncertainty and demand for safe-haven assets.
FAQ
Why did gold prices fluctuate during the week?
Gold prices moved due to changing global market sentiment, investor demand, and fluctuations in international trading activity.
Did silver perform better than gold this week?
Silver showed steadier growth compared to gold and ended the week at its highest recorded level.
What was the highest gold rate recorded this week?
The highest international gold rate was $4,741 on May 7, 2026, while Pakistan’s highest local rate was Rs. 487,000 per tola.
What was the closing silver price in Pakistan?
On May 9, 2026, silver closed at Rs. 8,700 in the Pakistani market.
Also check : Gold Prices Surge as Global Tensions Shake Markets — May 9, 2026
