MUMBAI (Reuters) - India Gold' class='bD_15arlink' title='gold price'>gold futures were steady on Monday afternoon following a similar trend in overseas markets, although a stronger rupee could weigh on sentiment later in the day, dealers said.
* The most-active gold for December delivery on the Multi Commodity Exchange (MCX) was 0.10 percent higher 26,913 rupees per 10 grams.
* Global gold hovered around $1,680, after posting its biggest weekly gain since early September, as investors await concrete steps to tackle the euro zone debt crisis that could come out of a European Union summit this weekend.
* The rupee nudged higher comforted by a strong euro, although volatility in domestic equities and dollar demand from local oil refiners limited the gains.
* The rupee plays an important role in determining the landed cost of the yellow metal, which is quoted in dollars.
* Physical buying retreated as prices edged higher on Friday to steady at $1,692 an ounce.
* "There was good demand when gold came to $1,670-$1,680. We have some deals at 1,680 (an ounce) now," said a dealer with a state-run, bullion-importing bank.
* India gold demand is likely to peak in the last week of October, when gold buying festivals like Dhanteras and Diwali are slated.
