Gold prices have reached a historic high as one gram of 22 carat gold in Chennai went to a massive 3200 rupees, while 1 sovereign reached 25500 rupees. Based on the global economic crisis and value of Indian rupee against US dollar and the fluctuation in price of gold in international market the gold price is decided by sellers.

Ever since 2018 end price has been increasing and it was 23000 rupees per sovereign gold in 2018. It reached to per sovereign 25,000 as well after which there was slight reduction in prices day by day and on Valentine’s Day it was stationed at 25160 rupees per sovereign.

Yet again prices started to increase and crossed 25300 marks and yet again have crossed 25500 mark per sovereign and 3200 per gram again and it has been said by experts and financial analysts that this trend is bound to continue further due to global issues and US market.