Removing your rack is a cheap and easy process. Simply remove your gear and unscrew the rack from the wall.
The drywall anchors can be removed with a regular screwdriver.
If you want to fill the drywall anchor holes, use a finger to fill the hole with
drywall spackle
then wipe any extra smeared spackle off the surrounding area. Once dry, paint over the spackle with paint matched to your wall color.
The rack is reusable, however the drywall anchors should probably be replaced.