Gold rate today, March 23 -- Amid rising tensions in the US-Iran war following Donald Trump's 48-hour ultimatum to Iran, the WTI Crude oil price today surpassed $100/barrel and touched an intraday high of $101.63 per barrel during Monday trading. The oil price rise fueled the US dollar rate, triggering sharp selling in precious metals, including gold and silver.

The COMEX gold rate today opened with a downside gap and touched an intraday low of $4,128 per troy ounce, logging an intraday loss of more than 10%. Likewise, the MCX gold rate today opened with a downside gap at Rs.1,40,158 per 10 gm and touched an intraday low of Rs.1,29,595 per gm within a few minutes of the Opening Bell on the Multi Commodity Exchange, aka MCX. After slippin...