MUMBAI (Reuters) - India gold futures traded lower on Thursday pressured by a strong rupee locally, that makes the dollar-quoted asset cheaper, analysts said.
Traders are awaiting the U.S. job report to gauge the health of the U.S. economy, which will dictate moves in dollar and gold, which move against each other.
The most-active August contract was 0.24 percent lower at 14,514 rupees per 10 grams at 11:15 a.m., after having gained 0.7 percent in the previous session, when a weak global dollar supported the metal.
source : http://in.reuters.com/article/businessNews/idINIndia-40750820090702
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