MUMBAI, Dec 18 (Reuters) - India's gold futures opened lower on Friday aided by a firm rupee, which makes the dollar-quoted commodity cheaper, but losses were limited by firm overseas prices, analysts said.
The rupee was trading slightly stronger than 47 per dollar on Friday, and traders said it was caught between the weight of a weaker stock market and support from the dollar coming off its recent highs. See [ID:nSGE5BH045]
"The outlook for gold (for the session) remains weak," said Kunal Shah of Nirmal Bang Commodities.
International gold prices steadied near $1,100 per ounce on Friday after falling 3 percent in the previous session, pressured by the dollar's rise against the euro, which reduced the precious metal's appeal. See [ID:nTOE5BG0A5]
Following are gold prices in rupees per 10 grams on the Multi Commodity Exchange of India Ltd. at 11:42 a.m. <0#MAU:>:
