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RTRS: 1-India gold eases, but buying stays dull
 
(Updates to trends in the physical market)

* Spot gold down at $867.70 an ounce

* London Brent crude higher at $46.20 a barrel LCOc1

* Rupee firm at 47.12 per dollar

* U.S. weekly jobless claims at 1330 GMT [MI/DIARY]

MUMBAI, Dec 18 (Reuters) - India's gold eased on Thursday tracking overseas markets, but domestic demand remained dull after buyers moved to the sidelines as prices still ruled above 13,000-rupee level, traders and dealers said.

"Demand is nil and there are no enquiries as well," said Ashok Gupta, a partner at Ganpati Bullion, a bullion trading house in New Delhi.

Dealers and traders said buying interest waned as the first phase of wedding season ended and also as prices were still high.

"We managed to sell only around 200-300 kgs of gold until this month compared with 700-800 kgs last month," said Gupta, adding, demand may not see any revival for the rest of the month. Overseas gold, that guides the local market, slipped on Thursday after rising to a 2-month high the previous day, but global economic gloom and the Federal Reserve's massive rate cut, which pushed the dollar lower, could still attract buying from investors. See [ID:nSP133968] Prices will have to decline to around $800 (an ounce) to witness good buying interest, said a dealer with a private bank in Mumbai. Continued...

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