RTRS: India gold demand eases after good weekend sale
* Spot gold up at $746.40 an ounce
* London Brent crude down at $53.35 a barrel LCOc1
* Rupee steady at 49.03 per dollar
* U.S. industrial production/capacity utilisation data for October at 7:45 p.m. [MI/DIARY]
MUMBAI, Nov 17 (Reuters) - Indian gold demand eased on Monday after good sales during the weekend, but dealers said it may revive in the next few days due to marriage-led retail demand.
"Demand is little down today...there was some good buying during the weekend," said Madan Jain of Auro Gold Jewellery Pvt. Ltd.
If the prices come down near 11,000 rupees, demand may increase substantially, he said.
The December contract on MCX remained steady on Monday, tracking overseas markets.
Overseas gold held steady but remained under pressure as negative sentiment in global markets persisted after the Group of 20 meeting failed to produce concrete policy actions to avert a global downturn.
There is some shortage of gold in the market and jewellers are still paying a premium of 300-400 rupees per 10 grams, said a dealer with a large private bank.
