Gold rate today, March 9 -- On renewed fears of inflation amid rising crude oil prices, with no signs of de-escalation in the US-Iran war, bets are high for a delay in the US Fed rate cut in the near term. This put precious metals, equities, and bonds under pressure.

The MCX gold rate today opened with a downside gap at Rs.1,60,651 per 10 gm and touched an intraday low of Rs.1,59,826, logging an intraday loss of over Rs.1,800 per 10 gm against Friday's close of Rs.1,61,634. In the international market, the COMEX gold price today opened with a downside gap and touched an intraday low of $5,021.59/oz, down around 2%.

Speaking on the reasons preventing gold prices from rising, Sugandha Sachdeva, Founder of SS WealthStreet, said that despit...