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A slew of positive factors, including a long wedding season from October 2016 to March 2017, are likely to lift business for organised players such as Titan (Tanishq) and PC Jewellers, says an analyst. In Picture: A woman holds gold bangles at a jewellery shop in the eastern Indian city of Kolkata Oct. 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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