The gold demand in India stood at 193 tonnes during the third quarter of 2016, according to WGC's Global gold demand in Q3 2017
Gold is considered an essential part of weddings in India, second-biggest consumer of the metal in the world after China, and it is a popular gift on such occasions
The global price fell this week to $1,287 an ounce, the lowest in a month, after the US Federal Reserve affirmed a scheduled upward revision in its policy rate this December
Dealers in India offered discounts for gold, as the absence of key festivals kept demand subdued