Gold price today, Feb. 20 -- Gold rate rose in the domestic futures market on Friday, January 20, amid rising tensions between the US and Iran. However, the dollar's rise against its peers capped gains for the yellow metal.

The dollar index hit the 98 mark, rising for the fourth consecutive session and gaining more than a per cent this week. The dollar index is looking set to clock its strongest weekly performance since early October, supported by robust US economic data and hawkish signals from the US Federal Reserve.

A stronger dollar is negative for gold as it makes greenback-backed yellow metal expensive for overseas buyers and creates demand fatigue.

On the geopolitical front, tensions between the US and Iran are escalating, with ...