Gold futures fall to two-week low

MUMBAI (Reuters) - Gold futures in India, the world's biggest buyer of the metal, extended losses to their lowest level in two weeks, in line with global markets and a stronger rupee at home.

* The actively traded gold for June delivery on the Multi Commodity Exchange (MCX) was 0.82 percent lower at 26,489 rupees per 10 grams at 7:17 p.m., after hitting a low of 26,401 rupees, a level last seen on April 1.

* Global gold fell for the fifth straight session on Wednesday, hitting a three-week low as the dollar strengthened to a six-week high versus the euro after weak euro zone economic growth data.

* The rupee ended marginally stronger as sharp gains in domestic shares offset the dollar's rise versus most major currencies, particularly the euro.

* On the physical front, most banks and jewellers awaited further guidelines on ways to import the yellow metal, after the central bank banned shipments through consignment basis.

* "People are just exhausting their old stocks and even the market is slow," said Ketan Shroff, director with Penta Gold, a wholesaler in Mumbai. Traders were in wait-and-watch mode for the new guidelines from the Reserve Bank of India, Shroff said.

* The wedding season will continue in India till June. Demand for the yellow metal typically goes up during this period.

(Reporting by Siddesh Mayenkar; Editing by Prateek Chatterjee)