(Reuters) - India gold buying remained weak for a fourth day in a row on Friday 11 June as traders sought lower prices, but a stronger rupee helped sentiment by making the dollar-quoted asset cheaper, dealers said.

Photo : Noah Seelam/AFP

"Traders don't want to get stuck with stocks at high prices, so they are simply enquiring," said a dealer with a state-run bank in Mumbai.

The most-active August gold contract was trading 0.25 percent higher at 18,645 rupees per 10 grams at 2:29 p.m., tracking firm overseas markets.

Gold rebounded on short-covering after falling about 1 percent in the previous session, while a rise in ETF holdings to another record showed bullion still attracted buying from investors.

"Only if it comes below $1,214 (an ounce), we might see some activity," said another dealer with a private bank.

The rupee pulled back from one-week highs in the afternoon session on Friday 11 June, but still traded strong mirroring moves in the local sharemarket, with traders watching the dollar's moves versus majors for further direction.