Gold rate today, April 4 -- Despite the US-Iran war entering its fifth week, the precious yellow metal could log a2.20% weekly gain. The COMEX gold price finished at $4,679.70/oz, while the MCX gold rate ended at Rs.1,49,650 per 10 gm. So, the gold price in India is around Rs.31,000, or 17% below the record high of Rs.1,80,779 per 10 gm.

According to market experts, after Donald Trump's address to the nation, hopes of a ceasefire in the US-Iran war were shattered, and crude oil prices began to skyrocket, strengthening the US dollar and renewing inflation fears. However, better-than-expected US payroll jobs data is expected to cool inflation fears and resilience in the US economy against all odds. This strengthens the case for the Federal...