Gold rate today, March 8 -- Amid escalating tension in the US-Iran war, the MCX gold rate remained sideways to positive last week and finished at Rs.1,61,675 per 10 gm, around Rs.19,000 away from the lifetime high of Rs.1,80,779 per 10 gm. In the international market, the COMEX gold price ended at $5,158.70 per troy ounce, $468.10 away from the lifetime high of $5.626.80 per ounce.

According to market experts, gold prices have remained sideways to positive despite the escalation of the US-Iran war, as soaring crude oil prices have driven the US Dollar to regain ground in recent months. The US Dollar Index is inching toward 100, acting as a headwind to the rally in gold prices today. However, they maintained that gold has investment value...