India's gold futures were higher on Wednesday as overseas markets leaped back from the previous day's two-month low but a soaring dollar could halt gains, analysts said.
Overseas gold rebounded with support from bargain hunters after the metal shed around 15 percent from its lifetime high of $1,030.80 an ounce reached on March 17.
The benchmark June gold on the Multi Commodity Exchange of India Ltd was seen within 11,370 rupees per 10 grams and 11,725 rupees, said an analyst at IL&FS Investsmart Commodities Ltd.
Open interest for June gold on MCX was at 5,904 lots, down from 5,962 on Tuesday. Volume on Tuesday was at 50.25 kg.
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Overseas Markets: India Gold Futures Climb Up
India's gold futures were higher on Wednesday as overseas markets leaped back from the previous day's two-month low but a soaring dollar could halt gains, analysts said
