Gold prices rose in futures trade on Friday on the back of a sharp decline in US bond yields and uncertainties regarding the ongoing trade war.
In global markets, gold rose by over 2% this week.
Gold prices are up for a third straight weekly gain globally.
SPDR Gold Holdings stated that its holdings rose 0.9% to 844.29 tonnes on Wednesday.
Spot gold prices inched up by 0.2% per cent at $1,515.21 per ounce.
Back home, however, prices of the yellow metal fell owing to a risk-on appetite on optimism of a rate cut by the US Fed as well as profit booking on the bullion counter.
MCX Gold (4-Oct expiry) traded at Rs37,931/10 gms.
MCX Silver (5-Sep expiry) also receded to Rs43,797/kg, a fall of Rs282.