In the previous trade, the yellow metal had closed at Rs 47,653 per 10 gram.
The rupee dropped by 17 paise to close at 76.20 against the US dollar on Tuesday.
Silver also jumped Rs 1,308 to Rs 49,204 per kg from Rs 47,896 per kg on Monday.
In the international market, gold was quoting higher at $1,731 per ounce and silver at $17.49 per ounce.
“Gold prices resumed uptrend on Tuesday after the US Fed announced to expand the bond buying program,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.