MUMBAI: The price of gold soars. There was an increase of Rs 100 per gram and Rs 800 per sovereign today. With this, the price of a sovereign has touched 39,520. This is the highest price this year. The price of the yellow metal was Rs 38,720 on Saturday after an increase of Rs 640.

The experts assess that gold prices are likely to rise further in the coming days. In the war between Russia and Ukraine, the rise in prices in the international market is the main reason for the rise in prices in the country. The lowest price this month was Rs 4,670 per gram and Rs 37,360 per sovereign registered on March 1.

Meantime, there will be a huge increase in the fuel prices as well. Experts predict that with the price of Brent crude crossing $ 130, it will have an impact in India as well. Experts predict that petrol prices in the country is likely to go up by Rs 22.