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Gold Prices Jump 6%, Hit Rs 31,708 To Highest In Three Years

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Gold Prices Jump 6%, Hit Rs 31,708 To Highest In Three Years

Mumbai: Gold prices in India jumped 6 percent on Friday to their highest level in nearly three years following gains in overseas markets and on a weaker rupee. 

At 0457 GMT, the key gold contract for August delivery on the Multi Commodity Exchange was up 6 per cent at Rs 31,708 per 10 grams, the highest level since Sept. 9, 2013. 

Global gold prices jumped 6 per cent on Friday after partial results in a UK referendum put Britain on the brink of leaving the European Union, boosting the appetite for safe-haven assets. 

The Indian rupee was trading at 68.1350/68.1400 to the dollar at 0504 GMT after tumbling to as low 68.22 in early trade, its weakest since March 1.



(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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