Gold prices climbed to $4,342 per ounce last week, marking a 7.3% weekly gain as the precious metals complex extended its recent rally.
Silver outpaced the yellow metal, surging 10.3% to reach $63.90 per ounce.
The World Gold Council previously raised its 2026 price target to $4,100, a level now comfortably surpassed by spot prices.
The broad-based strength across bullion markets has prompted analysts to advise traders to buy dips, citing a positive outlook for the sector.
The rally reflects growing investor appetite for hard assets amid shifting market sentiment.
The World Gold Council previously raised its 2026 price target to $4,100, a level now comfortably surpassed by spot prices.
This upward trajectory suggests that institutional and retail demand remains robust, supporting higher valuations for both gold and silver.
In domestic markets, the international surge has translated into higher local prices.