MUMBAI (Reuters) - India gold edged higher bucking the worldwide trend on Thursday afternoon nudged by a weaker rupee, which made the dollar-quoted yellow metal expensive, though physical buying slowed as high prices deterred traders from new positions, dealers said. * The most-active gold for December delivery on the Multi Commodity Exchange (MCX) was 0.15 percent higher 27,631 rupees per 10 grams. * The Indian rupee fell on heightened worries about foreign fund outflows as investors fled risky assets across markets and on dollar demand from domestic oil companies. * The rupee plays an important role in determining the landed cost of the yellow metal, which is quoted in dollars. * Overseas gold inched lower, tracking the downbeat sentiment in riskier assets as investors remained worried about the euro zone's debt crisis ahead of a Group of 20 summit. * Wedding season buying is expected to trickle in going ahead in India, the world's biggest consumer of bullion. * "Demand is again moderate because rates are a little bit high. It may pick up in January," said a dealer with a state-run bullion importing bank.

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