Gold Prices Retreat While Silver Shows Stability — Weekly Overview
Gold and Silver Market Weekly Summary (May 17–23, 2026)
Gold and silver prices witnessed noticeable fluctuations throughout the week of May 17 to May 23, 2026, in both the international and Pakistani markets. The week started with gold reaching a record high internationally, while silver also showed strong momentum before both metals experienced gradual corrections toward the weekend.
Also read : Gold Prices Drop on May 23, 2026 as Silver Also Declines in International Market
Gold Price Weekly Overview
The international gold market opened the week on May 17 with a strong bullish trend, recording $4,539 per tola, while the Pakistani market touched Rs. 469,000 per tola, marking the highest level of the week.
On May 18, international gold prices slightly increased to $4,544, but surprisingly, the Pakistani market dropped to Rs. 466,000, showing local market adjustments and profit-taking activity.
By May 19, gold prices experienced a sharper decline. The international market recorded $4,500, while Pakistan saw rates fall to Rs. 463,000 per tola. Midweek on May 20, prices recovered slightly as international gold climbed to $4,526, although Pakistani rates eased further to Rs. 462,000.
The downward trend continued during the final trading sessions. On May 21, gold stood at $4,520 internationally and Rs. 461,000 in Pakistan. On May 22, the international market slipped to $4,517, while Pakistani rates showed a small recovery to Rs. 461,500.
The week ended on May 23 with gold prices closing at $4,508 internationally and Rs. 461,000 in Pakistan, confirming an overall correction after the record highs seen at the start of the week.
Silver Price Weekly Overview
Silver prices also remained volatile throughout the week. On May 17, international silver prices opened at $78.5, while the Pakistani market recorded Rs. 7,800.
A day later, on May 18, international silver declined to $76.8, but Pakistani prices surprisingly jumped to Rs. 8,100. On May 19, silver continued its decline globally, touching $74.2, while local rates slightly dropped to Rs. 8,000.
During the middle of the week on May 20, international silver recovered to $75.6, with Pakistani rates returning to Rs. 8,100. On May 21, silver recorded $75.9 internationally and Rs. 8,150 locally, marking the highest Pakistani silver rate of the week.
However, prices softened again in the final sessions. On May 22, silver stood at $75.8 internationally and Rs. 8,000 in Pakistan. The week closed on May 23 with international silver at $75.4, while Pakistani rates remained stable at Rs. 8,000.
Key Takeaways of the Week
- Gold started the week at record highs before gradually correcting downward.
- Pakistani gold prices remained relatively stable despite international volatility.
- Silver showed mixed movement, with local prices occasionally rising despite global declines.
- Market sentiment suggested profit booking and cautious trading activity toward the end of the week.
FAQ
Why did gold prices decline after May 17?
Gold prices corrected after reaching record highs due to profit-taking and changing investor sentiment in global markets.
Why were Pakistani silver prices rising while international prices fell?
Local currency movement and domestic demand often influence Pakistani market rates independently from international trends.
What was the highest gold price recorded during the week?
The highest gold price was recorded on May 18 in the international market at $4,544, while Pakistan recorded its weekly high of Rs. 469,000 on May 17.
Did silver remain stable during the week?
Silver remained volatile but mostly traded within a narrow range during the second half of the week.
