New Delhi, April 8 -- Following the oil price crash after the de-escalation in the US-Iran war, the gold rate today witnessed strong buying interest across bourses. The MCX gold rate today opened with an upside gap at Rs.1,53,550 per 10 gm and touched an intraday high of Rs.1,53,944 per 10 gm, logging an intraday gain of nearly 2.50% during the early morning session on Wednesday.

In the international market, the COMEX gold price today opened with an upside gap and touched an intraday high of $4,886 per ounce. By 9:15 AM, the gold price in the international market was around $4,825 per ounce, up about 2% from Tuesday's close.

Speaking on the reason for the skyrocketing gold rate today, Anuj Gupta, a SEBI-registered market expert, said th...