India's gold demand picked up on Tuesday after days of lull as prices declined about 2 percent in three straight sessions, dealers said.
"We sold around 150 kgs of gold, which is a pretty decent quantity," said a dealer with a state-run bank in Mumbai.
The most traded April gold contract MAUJ9 extended losses for a third day on Tuesday and traded 1.34 percent lower at 15,219 rupees per 10 grams at 1:42 p.m. Spot gold traded at $935.55 an ounce.
Traders would be awaiting further price dips in order to stock the yellow metal to meet wedding demand. The wedding season begins mid-April, dealers said.
