Silver on the other hand was also trading higher at Rs 45,459, up Rs 111.
After having had its worst performance in decades and falling for the first time in 12 years in 2013, gold has rallied in the last few days of 2014.
However, it was largely trading flat over the weekend. It's likely that gold would continue to trade in a range in the absence of any major triggers. To check gold rates in your city click here