The price of gold has risen sharply. | gold rate price hike

Jewelery gold prices in Chennai today rose by Rs 368 to touch a new all-time high of Rs 42,368.

Inflation in the US fell to 6.5 percent in December, the lowest in 14 months, and the dollar weakened.

International investments are shifting from US bonds to the dollar as the US Federal Reserve will no longer raise interest rates significantly.