MUMBAI, Sept 14 (Reuters) - India gold futures were slightly lower on Monday following foreign markets, where a rebound in the dollar pressured the yellow metal, analysts said.
The most-traded October contract MAUV9 was 0.24 percent lower at 15,797 rupees per 10 grams at 11:21 a.m., after hitting a low of 15,788 rupees in early deals.
The U.S. dollar rose broadly with the Australian and New Zealand dollars falling about 1 percent against the greenback as investors covered short dollar positions, making waves across other markets. [USD/]
"Gold is likely to take correction lower as it is trading near its over-bought zone. Gold may be in the range of 15,700-15,900," said Aurobinda Prasad, deputy manager-research, Karvy Comtrade.
Gold may be in the range of 15,735-15,928 rupees, said Krishna Reddy, analyst at Way 2 wealth Securities.
Open interest for October gold on MCX was at 14,963 lots, up from 14,900 a day earlier. Volume on Saturday was 1.22 kg.
