Gold has now posted twelve consecutive weekly gains since June 27, when MCX prices stood at Rs 95,587 per 10 grams. With festive demand building ahead of Diwali and no major US data until Friday’s jobs report, gold has every reason to hold its ground,” he added. He added that the rally to USD 4,000 per ounce for gold in the overseas markets is on the cards sooner than expected. “Silver was the biggest outperformer in the commodities basket with a rally of 8.5-9 per cent on a weekly basis. Silver climbed 8.61 per cent during the week to settle at USD 46.65 per ounce.