India's gold futures traded a tad lower on Friday in line with international markets, weighed down by growing investor risk appetite, analysts said. The benchmark April contract was 0.37 percent lower at 15,182 rupees per 10 grams at 11:24 a.m., falling from an intra-day high of 15,225 rupees. Comex gold for April delivery was 0.69 percent lower at $933.5 an ounce. Analysts said gold may consolidate from now on, following a similar trend in euro against the dollar. Gold is often viewed as an alternative to holding the dollar. "It is still in a range and may consolidate in the range of 15,073-15,247 for the day," added Thiagarajan. "Its a sideways play, but the bias is still positive on lingering economic uncertainties," said Vikas Vaid, an associate vice president with Asit C Mehta Commodity Services. Gold's range is between 15,000-15,500 rupees, added Vaid. Open interest for April gold on MCX was at 12,192 lots, down from 12,201 a day earlier. Volume on Thursday was 50.70 kg.

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