Gold Prices Rise in Saudi Arabia to SAR 561.21/g, Philippines PHP 9,166/g, FXStreet Data

Gold prices extended gains across Asian markets on May 6, 2026, with FXStreet's latest updates showing Saudi Arabia at SAR 561.21 per gram (up from SAR 549.73) and Philippines at PHP 9,166.01 per gram (up from PHP 8,983.42). The rally began earlier with Malaysia (MYR 590.53/g from 579.16), India (INR 14,266.94/g from 13,975.40), Pakistan (PKR 41,547.74/g, +1.99%), and UAE (AED 549.08/g, +2.06%). These local surges stem from elevated XAU/USD levels converted via USD pairs, fueled by safe-haven demand, USD weakness, and rate sensitivities, signaling sustained bullish momentum.