MUMBAI (Reuters) - India's gold collection under exchange-traded funds rose 94 percent on year to 9.754 tonnes in March, data from the funds showed.

Gold futures on the Multi Commodity Exchange (MCX) fell 2.5 percent in March, when a strong dollar overseas spurred selling in the yellow metal.

Though gold collections under ETFs are growing, they remain miniscule against India's imports of about 400-700 tonnes annually.

Gold ETFs -- instruments that can be traded like shares and are backed by physical gold holdings -- are more than two years old.

(Reporting by Siddesh Mayenkar; Editing by Sunil Nair)