(Reuters) - Gold importers in India, the world's biggest buyer, are retreating after picking up bargains last week as prices recovered from their lowest level in more than two months due to a falling rupee. * The most-active gold for December delivery on the Multi Commodity Exchange (MCX) rose 0.18 percent to 31,079 rupees per 10 grams, helped by a weaker rupee and global leads. The contract recovered from the last week's low of 30,827 rupees, a level previously seen on August 23. * "Few stray deals are there in the market due to a depreciating rupee, we haven't seen big volumes yet compared to last week," said a dealer with a private importing bank in Mumbai. * The festival season is underway in India and it will peak with Diwali and Dhanteras next month. Weddings also take place during this period. * The rupee, which fell past the keenly-watched 54 rupees per dollar mark on Monday, plays an important role in determining the landed cost of dollar-quoted yellow metal. * Global gold edged up after robust U.S. economic data lifted prices in the previous session, but gains could be capped by a firmer U.S. dollar. * Silver for December delivery on the MCX was 0.02 percent lower at 59,690 rupees per kg.

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