India’s gold demand tapered off on Wednesday as prices climbed back above $800 an ounce overseas, with buyers having stocked up at the dips earlier in the week, dealers said.

“No one is really stocking now,” said a dealer in a large foreign bank. “No one has any particular level in mind… there are no orders coming.”

The dealer said traders had purchased the metal in the dips earlier in the week at around $782 an ounce and were now deterred by gold’s volatility.

“There was good sales earlier in the week, but now it is quiet,” said Manoj Agarwal of Om Commodity Trading Co in Ahmedabad.

“The marriage season is on that would last till April next year, so there could be good buying if prices stay stable from now on,” he added.

Overseas gold held above the key $800 an ounce level, rising to its highest in nearly a week, as the dollar tumbled to a record low against the euro and crude oil hit a new peak.

India’s festivals are now behind, but dealers hope weddings would keep demand coming in at dips.