Gold futures may edge lower from their near all-time high on Wednesday tracking overseas

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markets, with investors eyeing US jobs data slated for later in the week for direction, analysts said.

The most-active October gold contract on MCX last closed at Rs 19,134 per 10 grams, up 1.1 per cent, after hitting an intra-day high of Rs 19,147, nearing the all-time level of Rs 19,198 struck on June 8.

The contract may open at 19,125 rupees, said Kunal Shah of Nirmal Bang Commodities.

International gold prices edged lower, after the uncertain economic outlook drove gold to a two-month peak on Tuesday.

"Gold may open lower, the outlook is still positive on weak data from the US Buying could be done at 19,030, for target of 19,150," said Shah.

US data releases are being closely eyed for further signs of weakness in the economic recovery, with any fresh risk aversion seen potentially pressuring higher-risk assets and lifting gold.