Gold rate today, March 4 -- Gold and silver saw renewed buying in Wednesday's session, driven by softness in the US dollar and the widening tensions in the Middle East.

Gold, often deemed a safe-haven asset during times of crisis, gained $95 per troy ounce on Comex to $5,218 per ounce on 4 March. The March silver futures contract on Comex advanced $3.53 per troy ounce to reach the day's high of $87.

The US dollar index, which measures the greenback against a basket of major currencies, pulled back to 98, making greenback-priced commodities more attractive for overseas buyers.

The precious metals continue to draw support from escalating conflict in the Middle East, which entered its fifth day.

The US and Israel have intensified their a...