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Gold rates in Chennai city crash this week: Can yellow metal rebound ahead of Diwali - Key levels to watch in future?

Gold prices fell sharply this week as rising oil prices, inflation concerns and expectations of tighter US monetary policy pressured bullion. MCX futures dropped around 3.5%, while Chennai retail 24K gold prices declined 3.85% to ₹1,42,480 per 10 grams.
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