MUMBAI, Dec 22 (Reuters) - India's gold futures were slightly lower in early trade on Tuesday under pressure from a firm dollar, though technical buying in international gold limited losses, analysts said.
At 10:59 a.m, the benchmark February gold MAUG0 on the MCX was 0.27 percent lower at 16,660 rupees per 10 grams.
"We expect the downside to continue.... on the back of a firm dollar," said an analyst with Nirmal Bang Commodities Pvt Ltd.
The dollar rose further against the yen on Tuesday, hitting a two-month high and keeping pressure on the euro, as year-end unwinding of short positions supported it along with higher Treasury yields. See [ID:nTOE5BL04X]
A firm dollar takes shine from gold as an investment asset, analysts said.
International Gold prices inched up on Tuesday in a technical bounce after hitting a 6-1/2-week low, but the dollar's firmness limited the metal's gains amid light trading ahead of the Christmas holidays. See [ID:nTOE5BJ019]
Following are gold prices in rupees per 10 grams on the Multi Commodity Exchange of India Ltd. at 10:59 a.m. <0#MAU:>:
