I have a read query that I execute within a transaction so that I can specify the isolation level. Once the query is complete, what should I do?
ROLLBACK is mostly used in case of an error or exceptional circumstances, and COMMIT in the case of successful completion.
We should close transactions with COMMIT (for success) and ROLLBACK (for failure), even in the case of read-only transactions where it doesn't seem to matter. In fact it does matter, for consistency and future-proofing.
A read-only transaction can logically "fail" in many ways, for example:
If COMMIT and ROLLBACK are used properly for a read-only transaction, it will continue to work as expected if DB write code is added at some point, e.g. for caching, auditing or statistics.
Implicit ROLLBACK should only be used for "fatal error" situations, when the application crashes or exits with an unrecoverable error, network failure, power failure, etc.