The yellow metal had touched Rs.32,585 per 10 grams in the domestic bullion market on Tuesday.
The rupee depreciating to new lows, along with a supply crunch, have led to gold prices spiralling to new highs.
The partially-convertible rupee slumped to a new low of 68.75 against the dollar Wednesday.
Photos: Varun Dhawan and Alia Bhatt at studio in Bandra
Photos: Katrina Kaif, Shamita Shetty at Mumbai airport
Photos: Varun Dhawan, Alia Bhatt promote 'Badri...' on 'Dil Hai Hindustani'
In pictures: 15 facts about kissing that will surprise you
Photos: Shahid Kapoor and Mira Rajput at cafe in Bandra