Gold extended the previous session's gains into Friday afternoon following firm overseas leads, though a strong rupee kept the upside in prices limited, prompting dealers to postpone stocking-up buys for the ongoing wedding season. The most-active gold for June delivery on the Multi Commodity Exchange (MCX) was trading 0.26 percent higher at 22,115 rupees per 10 grams at 4.39 p.m., after gaining 0.6 percent in the last session. Prices have been on the recovery mode after hitting a month's low May 6. "There are no enquiries as people are still looking at $1,480 levels," said a dealer with a state-run bullion importing bank. Overseas gold prices climbed and silver rose 3 percent in Europe, recovering some of this week's heavy losses, as a drop in the dollar encouraged a rebound in the beleaguered commodities complex. The rupee plays an important role in determing the landed cost of the dollar-quoted yellow metal. The rupee remained strong supported by the upsurge in local equities and the euro. The wedding season will continue through May in India, the world's biggest consumer of bullion, which imported 900 tonnes last year despite high prices.

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