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In the previous trade, the yellow metal settled at Rs 47,196 per 10 gram.
Silver also surged by Rs 617 to Rs 60,179 per kg from Rs 59,562 per kg in the previous trade.
In the international market, gold was trading with gains at USD 1,785 per ounce and silver was flat at USD 22.16 per ounce.
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Gold prices reversed previous losses post the US FOMC (Federal Open Market Committee) meeting, he added.
The Indian rupee rose 23 paise to close at 76.09 against the US dollar on Thursday.