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Silver also staged a recovery and traded higher by Rs 50 to Rs 37,850 per kg due to increased offtake by industrial units and coin makers.
Traders said apart from a firm trend overseas, scattered buying by local jewellers to meet the ongoing festive season demand at domestic spot market, mainly attributed the recovery in the gold prices.
Globally, gold rose by 0.30 per cent to USD 1,188.10 an ounce and silver by 0.83 per cent to USD 14.57 an ounce in Singapore.
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Sovereign gold, however, remained flat at Rs 24,500 per piece of 8 gram in limited deals.
Following gold, silver ready rebounded by Rs 50 to Rs 37,850 per kg, while weekly-based delivery drifted down by Rs 130 to Rs 36,620 per kg due to speculative selling.
On the other hand, silver coins continued to trade at the previous level of Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.