MUMBAI (Reuters) - India's gold futures traded flat on Tuesday on lack of fresh leads, with a weak dollar overseas expected to lend support later in the session, analysts said. The most-traded August contract was up 0.04 percent at 14,947 rupees per 10 grams at 11:28 a.m. "There is a mild positive bias in gold due to weakness in dollar," said James Anand, senior research analyst, Geojit Comtrade in Kochi. "The maximum upside is seen till 15,200 (rupees)." The dollar traded weak against the euro after a jump in U.S. new-home sales encouraged investors to seek riskier assets. Traders would be awaiting the U.S. GDP data, due later in the week, to gauge direction in the precious metals complex. U.S. gross domestic product, due on Friday, is expected to show the economy contracted for a fourth consecutive quarter in April-June, the first time that has happened in records dating to 1947. Forecasts are for a contraction at an annual rate of 1.5 percent. Gold may trade in the range of 14,868-14,990 rupees, said Krishna Reddy, an analyst with Way 2 Wealth Securities. Open interest for August gold on MCX was at 10,735 lots, down from 10,807 a day earlier. Volume on Monday was 20.75 kg. (For more news on Reuters Money click in.reuters.com/money)

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