Gold is seen as a best bet going ahead

London (Jun 27)  Gold price on Monday further increased by 1% in international markets, while in India the rise was limited due to very high discount as at this price there are no takers. Globally, gold has become the most favoured asset class, following Brexit and uncertainties surrounding it. It is also seen as a preferred asset for all kind of investors — retail, institutional or even central banks. Following a sharp fall in Britain’s currency pound, gold is being bought by investors there, followed by EU investors. Sterling or the British pound is trading at a three decade.

Source: Business-Standard