Gold rate today, March 4 -- After some profit-booking at higher levels, the gold price today witnessed value buying at the lower levels. The COMEX gold rate today bounced back from the intraday low of $5,094.75/oz and touched an intraday high of $5,200 per troy ounce, logging an intraday gain of nearly 1.50% against the previous day's close. Likewise, the MCX gold rate today opened upside at Rs.1,63,265 per 10 gm and touched an intraday high of Rs.1,63,800 per 10 gm, around Rs.17,000 away from its existing record high of Rs.1,80,779 per 10 gm.

According to market experts, the undertone of the gold price today is positive, as safe-haven demand for the precious metal has improved following the escalation of the US-Iran war. Experts said th...