(Reuters) - India gold demand edged up on Wednesday as prices stayed flat near their lowest level in a week as a stronger rupee at home offset support from firm overseas markets, traders said. * At 1:58 p.m., the most-active gold for April delivery on the Multi Commodity Exchange (MCX) was 0.09 percent higher at 28,109 rupees per 10 grams. * "Demand is okay today. We expect demand to pick up in case prices trickle down below $1,720 (an ounce)," said a dealer with a private bullion-importing bank in Mumbai. * Overseas gold edged higher but remained in a tight range around $1,720 an ounce. * The rupee, which weighed on the yellow metal on Wednesday, plays an important role in determining the landed cost of the dollar-quoted yellow metal. * Investors remained on the sidelines as euro zone finance ministers dropped plans on Tuesday for a special face-to-face meeting on Greece's new international bailout. * Silver edged higher following the yellow metal. * Silver for March delivery on the MCX was 0.47 percent higher at 56,683 rupees per kg.

Source