* London Brent crude lower at $77.17 a barrel LCOc1
* Rupee weak at 46.91 per dollar INR=IN
* U.S. consumer confidence for Oct 1400 GMT [MI/DIARY]
MUMBAI, Oct 27 (Reuters) - India's gold buyers continued to pick bargains on Tuesday to re-stock for weddings as international prices fell to a three-week low overnight, but a weak rupee weighed on sentiment, dealers said.
"People who were waiting for lower prices are buying now mainly for weddings. I must have sold 100 kgs since yesterday evening," said Pankaj Kumar Agarwal, director, Lucknow-based Brijwasi Bullions and Jewellers.
"I did around 350 kgs yesterday evening, and even today there are buyers," said another dealer with a bullion dealing state-run bank in Mumbai.
International spot gold XAU= was $1,039.60/1,039.40 an ounce at 2:19 p.m., after hitting a low of $1,037.45 in the previous session, a level last seen on Oct. 7.
However, dealers said, a weak rupee, which makes the dollar-quoted gold expensive, weighed on sentiment.
"Unfortunately, rupee is not helping, we would have seen bigger sales if the rupee had stayed where it was yesterday," said the dealer.
The Indian rupee continued to trade close to 3-week lows weighed by losses in local shares and on the back of lower regional units. [INR/]
Dealers said traders still sought lower prices to replenish stocks after better-than-expected Dhanteras and Diwali sales.
"They would buy in huge quantities if prices move towards $1,033," added another dealer with a state-run bank.
Indians bought 56 tonnes of gold for Dhanteras and Diwali festivals last week, up 5.7 percent on year, even as prices struck a record high, the World Gold Council (WGC) said. See [ID:nBOM304916]
Following were the prices being quoted by HDFC Bank in rupees in the spot market at 1:15 p.m. INBULL03:
Tuesday Monday
Gold .999/10 grams 16,010 16,114
Silver .999/kg 27,865 28,436
Following were prices in rupees on the Multi Commodity Exchange of India Ltd. at 2:20 p.m. <0#MAU:>:
Contract Current price Net change
Dec gold 15,845 -46
Dec silver 26,755 -89
(Reporting by Siddesh Mayenkar; Editing by Sunil Nair)
