Gold prices rise almost 6% to hit 3-year high tracking global cues, weak rupee on Britain leaving EU

Gold prices spurted to a three-year-high of Rs. 31,708 in line with the fall in Indian rupee and increase in overseas markets.

wgc gold demand report 2016, india gold demand, world gold demand trends, india gold jewellery, india gold prices, gold prices in india, gold prices in china, gold ETFs, gold demand in china — A woman holds gold bangles at a jewellery shop in the eastern Indian city of Kolkata October 14, 2009 (representational image).Reuters file

Gold prices rose almost 6 percent to hit a three-year high in India on Friday tracking the increase in prices of the yellow metal in international markets and a drastic fall in Indian rupee over Britain leaving the European Union (EU).

Gold contract for August delivery on the Multi Commodity Exchange increased 6 percent in early trade to Rs. 31,708 per 10 gm, the highest level since Sept. 9, 2013, reports Reuters.

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