* London Brent crude down at $50.65 a barrel LCOc1
* Rupee steady at 50.03 per dollar
* U.S. weekly jobless claims data 7 p.m. [MI/DIARY]
MUMBAI, Nov 20 (Reuters) - India's gold demand eased on Thursday after prices breached a key psychological level of 12,000 rupees per 10 grams, dealers said.
"Demand has come down a bit today as prices have gone beyond 12,000 rupees," said Ashok Gupta, partner of Delhi-based Ganpati Traders.
Gold futures on the MCX rose on Thursday on a weak rupee.
The country imports most of its gold. A weak rupee makes imports costlier and pushes up domestic prices.
The Indian rupee steadied near a record low on Thursday afternoon, helped by the central bank intervention in early trade but losses in local stocks kept the unit from completely reversing losses.
Demand was quite good in the last few days and if prices would come below 12,000 rupees, fresh retail buying to cater to wedding season demand may emerge, said a dealer with a large private bank.
The Indian wedding season, which usually sees big demand for jewellery, began this month and will continue till early 2009.
