In sterling terms, gold delivered double-digit percentage gains to top 1,000 pounds an ounce for the first time in more than three years, rallying as much as 21 percent in early trade, while euro-priced gold rose as much as 13 percent.
In an interview to CNBC-TV18, Guy Stear, EM Strategist at Societe Generale says market will await more transparency and clarity on political relations between UK and EU after the exit and how amicably the exit goes through.
Flagging a slew of concerns arising from the Brexit which may even put their growth
estimates under pressure, domestic rating agencies on June 24 said a possible decline in oil prices is the only positive outcome
from Britain's decision to exit the European Union.