Gold rate today, March 15 -- Gold prices have slipped below the psychological Rs.1.60 lakh in India amid no signs of of de-escalation in the US-Iran war. Gold prices in India continued to decline, putting the metal on track for a second consecutive weekly loss as escalating tensions involving Iran, Israel, and the United States kept global markets volatile and unsettled. On Friday, MCX gold prices settled marginally lower at Rs.1,58,400 per 10 grams.

Meanwhile, in the international front, the COMEX gold rate was hovering around $5,120/oz.

Gold's rally has lost momentum since the US-Israel conflict with Iran began nearly two weeks ago, with no clear resolution in sight.

Donald Trump said the US had intensified strikes on Iran to unprece...