MUMBAI (Reuters) - India gold futures were almost steady with a positive bias on Tuesday amid support from bargain-hunting after they shed about 1 percent in the previous four sessions, analysts said.
Analysts said investors would continue to eye movements in the dollar, which gave up early gains ahead of the Fed's monetary policy and G20 meet.
The most-traded October contract was steady at 15,776 rupees per 10 grams at 11:39 a.m., after hitting a high of 15,840 rupees in early deals.
The contract was 1.5 percent below a seven-month high of 16,009 rupees struck last week after attempts to breach the record of 16,040 rupees was foiled by profit-taking.
"It is consolidating with a positive tone before a move up," said Harish Galipelli, head of research with JRG Wealth Management in Kochi, adding gold may be in the range of 15,700-15,860 rupees.
"Investors are finding gold attractive after its recent fall," said Galipelli.
Gold may trade in the range of 15,663-15,820 rupees, said Krishna Reddy, an analyst with Way 2 Wealth Securities.
Open interest for October gold on MCX was at 15,843 lots, down from 15,989 a day earlier. Volume on Monday was 17.78 kg.
