In the previous trade, the precious metal had closed at Rs 47,297 per 10 gram.
Silver also declined Rs 909 to Rs 68,062 per kg, from Rs 68,971 per kg in the previous trade.
In the international market, gold was quoting marginally higher at USD 1,784 per ounce and silver was flat at USD 26.05 per ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Gold prices traded firm with spot gold prices at COMEX (New York-based commodities exchange) were trading at USD 1,784 per ounce on Friday. Gold prices held firm trading range recovering from Thursday’s lows.”