India's gold futures eased on Thursday after gaining for three consecutive sessions, tracking a firm dollar overseas, analysts said. The most traded June contract was 0.30 percent lower at 14,852 rupees per 10 grams at 10:59 a.m., after having gained 2.7 percent in the previous three sessions. The dollar kept gains against the yen and euro after rallying broadly the day before as an unexpected decline in April's U.S. retail sales raised concerns about the state of the economy and rekindled demand for the greenback as a safe haven. "The technical momentum is certainly waning," said Pradeep Unni, a senior technical analyst with Richcomm Global Services. "Chart indicators point out that it is difficult for gold to sustain further upside momentum without a steep correction towards 14,594 rupees," added Unni. Overseas gold becomes more expensive for holders of other currencies as the U.S. currency strengthens. "Gold would largely trade on a positive note, but some bouts of profit-taking to 14,800 (rupees) cannot be ruled out," said Harish Galipelli, head of research with Karvy Comtrade. Traders would also be watching the U.S. weekly jobless claims and April producer prices for direction in the precious metals complex. Open interest for June gold on MCX was at 16,534 lots, down from 16,718 a day earlier. Volume on Wednesday was 47.48 kg.

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