India gold futures may tread higher this week on an expected weakness in dollar overseas and signs of resumption of safe haven buying of the yellow metal, analysts said. The most active June contract MAUM9 was 0.40 percent higher at 14,572 rupees per 10 grams at 7:17 p.m., after losing 1.6 percent last week on a strong local currency. "With dollar getting definitely weaker with the pass of every session, gold has little work to do other than to head higher to compensate for dollar's slide," said Pradeep Unni, senior research analyst with Richcomm Global Services. A weak dollar helps prop up the yellow metal's appeal as an alternative investment. "Safe haven buying seems to be back on easing stock markets and also inflationary expectations on strong crude may uplift gold," said Gnanasekar Thiagarajan, director, Commtrendz Research in Mumbai. Strong crude stokes inflation and gold is considered as a safe hedge against inflation. "Charts have reached pivotal resistance areas of 14,600-14,700 zones and only if gold clears this resistance, further spikes are possible," added Unni. "In gold, 14,400 rupees appears to be a strong support, with tough resistance at 14,725/14,785 rupees," said Thiagarajan.

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