MUMBAI, Nov 12 (Reuters) - India's gold demand rose on Wednesday on strong retail buying in the marriage season, dealers said. "People who have deferred their buying earlier, now think prices have almost stabilised and not going to fall further," said Rahul Gupta of Delhi-based P.P. Jewellers. The December contract on MCX has been trading in a range of 11,500-11,700 rupees so far in November. Demand is likely to improve further in coming days due to the ongoing wedding season if prices remain at the present level, said a dealer with a large private bank. The wedding season, which started this month, will continue till early 2009. Following were the prices being quoted by Axis bank in rupees in the spot market at 1:15 p.m. INBULL03: Wednesday Tuesday ================================================ Gold .999/10 grams 11,531 11,424 Silver .999/kg 16,199 16,345 Following were prices in rupees on the Multi Commodity Exchange of India Ltd. at 3:40 p.m. <0#MAU:>: Contract Current price Net change ====================================================== Dec gold 11,668 +44 Dec silver 16,725 -7 (Reporting by Debiprasad Nayak, editing by Harish Nambiar)

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