* Spot gold up at $1,113.55 an ounce XAU= * London Brent crude flat at $80.30 a barrel LCOc1 * Rupee strong at 45.49 per dollar INR=IN * U.S. retail sales for Feb 1330 GMT [MI/DIARY] MUMBAI, March 12 (Reuters) - India's gold buying retreated on Friday afternoon as traders waited for price falls, after offftake picked up late in the previous session, dealers said. "There is not much activity today. I did deals totalling 200 kgs at $1,107-1,110 (an ounce) yesterday evening. They were all wedding buyers," said a dealer with a state-run bank in Mumbai. International gold, which guides the domestic market, was $1,112.40/1,113.20 an ounce at 12:45 p.m., as against the previous day's close of $1,109.30/1,110.10. Gold firmed on Friday as the dollar slipped against the euro on worries U.S. retail sales for February could show a drop in consumer spending, denting prospects for a sustainable economic recovery. [GOL/] However, a strong rupee, which made the dollar-quoted asset cheaper, helped sentiment. The Indian rupee strengthened on Friday as a large corporate sold dollars while early gains in the local sharemarket raised hopes of easing risk aversion which may lead to more capital inflows into the country. Indian gold traders have been hunting for bargains to replenish stocks for the upcoming wedding season, which starts in April. Following were the prices being quoted by Scotia Mocatta in rupees in the spot market at 10:00 a.m. INBULL03: Friday Thursday Gold .999/10 grams 16,700 16,643 Silver .999/kg 27,170 26,920 Following were prices in rupees on the Multi Commodity Exchange of India Ltd. at 12:45 p.m. <0#MAU:>: Contract Current price Net change Apr gold 16,567 +41 May silver 26,760 +19 (Reporting by Siddesh Mayenkar; Editing by Sunil Nair)

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