Spot gold was up 0.1% at $1,475.58 per ounce, as of 0811 GMT on Thursday, and US gold futures were up 0.1% at $1,480.90 per ounce.
The precious metal is down 3.6% this month, the most since November 2016, when Trump won the US presidential election
Dealers were charging a premium of up to $1.5 an ounce over official domestic prices this week, compared with a discount of $3 last week
On Thursday, gold prices closed at Rs 38,552 per 10 gram
Spot gold was up 0.1% at $1,455.37 per ounce by 1331 GMT. US gold futures rose 0.1% to $1,454.90, with trading volumes subdued by the US Thanksgiving holiday
"The ultimate threat of a full escalation into a trade war, with bans and boycotts, is off the radar screen at least for the moment," Julius Baer analyst Carsten Menke said
The precious metal had closed at Rs 38,770 per 10 gram on Saturday
Globally, gold prices traded firm on Thursday amid the US-China political spat and trade uncertainities
Gold gains amid concerns over US-China trade deal, Hong Kong tensions
The prices were ruling at around Rs 39,000 per 10 gram on this Dhanteras, as against Rs 32,690 per 10 gram on the same day in 2018.
Gold slumped 3.6% last week for its biggest weekly decline in three years on upbeat equities and optimism surrounding the U.S.-China trade deal.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said spot gold prices for 24 Karat in Delhi were trading up by Rs 118 with recovery in global gold prices and sharp rupee depreciation.
In tandem with a weak trend in gold, silver prices also tumbled Rs 956 to Rs 45,498 per kg from Rs 46,454 per kg in the previous trade
Tracking the rise in gold, silver prices also moved up by Rs 230 to Rs 46,510 per kg from Rs 46,280 per kg on Wednesday.
Dhanteras was a muted affair in most markets across the country with traders complaining of lesser footfall and reduced consumer spending
US market regulator SEC may seek cooperation from its Indian counterpart Sebi in its probe into Infosys, which has been rocked by whistleblower complaints of several alleged irregularities
In July-August, the jewellery-buying sentiment was somewhat muted due to high gold prices
An allocation of 10-15% of portfolio is recommended for gold; use any correction as an opportunity to add more gold to portfolio or keep allocating to gold in a systematic manner
In the previous trade, Gold had closed at Rs 38,870 per 10 grams
Gold, currently trading at Rs 38,177 per 10 gram, has given investors a return of 20.3 per cent over the past year