India gold futures traded slightly lower on Friday pressured by a strong rupee, which makes the dollar-quoted asset cheaper, analysts said.
The most active June contract was 0.18 percent lower at 14,807 rupees per 10 grams at 10:33 a.m..
The Indian rupee rose as the main two political groups seek allies to form the next government after a month-long election, and traders said stronger regional stock markets also boosted sentiment.
Gold may test 14,980/15,050 rupees later in the session on dollar weakness, said Kunal Shah, an analyst with Nirmal Bang Commodities.
"Sentiment is still positive in gold due to the recent technical breakout," said Harish Galipelli, head of research with Karvy Comtrade.
Open interest for June gold on MCX was at 16,123 lots, down from 16,270 a day earlier. Volume on Thursday was 30.85 kg.
