Silver also extended gains for the second day by rising Rs. 600 to Rs.46,700 per kg on increased offtake by industrial units and coin makers.
Firm global trend where gold climbed to the highest level in almost six months as speculation that China's growth is faltering, boosted the haven demand and further fuelled the uptrend in gold, they said.
Gold in Singapore, which normally sets price trend on the domestic front, rose by 1.1 per cent to $1,363.97 an ounce, the highest level since September 20 and silver by 1.3 per cent to $21.10 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity rebounded by Rs. 320 each to Rs. 31,020 and Rs. 30,820 per ten grams, respectively. It had lost Rs. 360 in the precious three sessions.
Sovereign, however, held steady at Rs. 25,400 per piece of eight grams.
Silver ready advanced by Rs. 600 to Rs. 46,700 per kg and weekly-based delivery by Rs. 550 to Rs. 46,450 per kg. The white metal had gained Rs. 170 yesterday.