Gold prices likely to move up further in the current calendar year owing to uncertainties in the global markets as U.K. voted to exit from the European Union. Keywords: gold, Brexit Gold prices shot up to its highest level in three years in the aftermath of Brexit referendum. However, to the extent of dollar appreciation the gold prices will rise in India, Mr. Modi added. However in the short term there is possibility for higher levels but soon the gold price will try to catch up with the lower end of the trading band.

Source: The Hindu July 02, 2016 18:56 UTC