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In the previous trade, the precious metal had settled at Rs 47,335 per 10 grams.
Silver also rallied Rs 1,890 to Rs 65,190 per kilogram from Rs 63,300 per kilogram in the previous trade.
The rupee depreciated by 18 paise to end at 74.52 (provisional) against the US currency on Thursday.
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“Gold prices traded up with spot gold prices at COMEX trading 0.40 per cent up at USD 1,856 per ounce on Thursday,” according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.