Gold prices today, March 20 -- The yellow metal rose nearly 2% on Friday morning, recovering some losses after a sharp 5% fall in the previous session, driven by value buying amid persistent geopolitical risks.

Investors typically turn to gold during periods of economic uncertainty, high inflation or currency weakness, as it is considered a safe-haven asset.

On MCX, gold for April futures opened higher at Rs.1,47,815 per 10 grams, up Rs.2,861, or 1.97%, from the previous close of Rs.1,44,954.

Gold prices have seen sharp losses this week due to a stronger US dollar, driven by a surge in crude oil prices. As oil is largely traded in US dollars, rising crude prices boost demand for the currency, strengthening it and weighing on gold's app...