Kerala Floods Crisis: Setback for festive gold buying in India
Local prices have risen more than 1% in a week due to the depreciating rupee and that is prompting some jewellers to postpone purchases, said a Mumbai-based dealer with a private bank.
Gold demand usually sees a jump in Kerala during the festival of Onam, but this year, the southern state is reeling from some of the worst floods in a century, Image source:IANS