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Kerala State

Floods hit gold buying in India

MUMBAI: Demand for physical gold was modest in India this week as the top bullion consuming state of Kerala coped with floods, while interest for the metal remained lacklustre elsewhere in Asia as buyers awaited a dip in prices. 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, leaving thou­sands displaced and causing damage of at least 200 billion rupees ($2.85bn). “Demand has taken a hit in Ker­ala. For the…

Flood toll rises to 77 in India’s Kerala state

KOCHI: The death toll from floods in India´s tourist hotspot of Kerala increased to 77 on Thursday, as torrential rainfall threatened new areas, officials told AFP. Over 60,000 people have now entered relief camps and the army and navy have stepped up rescue operations in the southern state, using a helicopter to airlift people, a Kerala disaster management official said. "All districts are under red alert as more rains are expected in the next 24 hours," the official added. The death toll rose by 10 overnight and…