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After a year of steep gains, gold prices are finally witnessing a correction. The yellow metal, which touched an all-time high of ₹1,32,000 per 10 grams before Diwali and Dhanteras, has now slipped to around ₹1,28,000 , marking a drop of nearly ₹4,000 or 3% .

In global markets, gold saw its sharpest intraday fall since 2013, tumbling 6.3% to nearly $4,000 an ounce in October. Futures also dipped by 1.4% on Wednesday, following Tuesday’s 5.3% slide.

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Analysts say this pullback comes after months of relentless gains driven by fears over US debt, inflation, and expectations of rate cuts by the Federal Reserve. Raj

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