MUMBAI, Sept 16 (Reuters) - India gold futures were slightly higher on Wednesday morning following overseas markets, where a weak dollar supported the yellow metal, analysts said.
The most-traded October contract MAUV9 was 0.13 percent higher at 15,898 rupees per 10 grams at 11:02 a.m.
The dollar struck a one-year low against a basket of currencies staying vulnerable as investors moved to riskier assets on growing signs of an economic recovery.
A weak dollar enhances gold's appeal as an alternative investment.
"Gold may move higher on inflationary concerns overseas, it may be in between 15,825-15,990 (rupees)," said Kunal Shah, an analyst with Nirmal Bang Commodities.
"The trend is on the higher side (in gold) and 15,800 (rupees) could be a good buying level," said Abhishek Chauhan, technical analyst, Angel Commodities.
Open interest for October gold on MCX was at 16,045 lots, up from 15,553 a day earlier. Volume on Tuesday was 35.61 kg.
