Gold rate today, March 28 -- Following a combination of factors such as the Israel-US-Iran war, elevated US Treasury yields, volatile crude oil prices, a strong US Dollar (USD), and the hawkish stance of the US Federal Reserve and other central banks across the world, gold prices finished the week almost flat. In India, the MCX gold rate finished at Rs.1,47,270 per 10 gm, logging a solid recovery of over Rs.17,500 per 10 gm after hitting the weekly low of Rs.1,29,595 per 10 gm.

In the international market, the COMEX gold rate ended above the $4,500 per troy ounce. However, despite ending above $4,500 levels, the precious yellow metal recorded a weekly loss of 1.85%.

On the reasons for weakness in gold rates today, Sugandha Sachdeva, Fou...