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Gold Futures Plummet Amid US-Iran Tensions and Higher Oil Rates

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Gold futures continued their downward trend on Wednesday, falling for the seventh consecutive session. The price of gold per 10 grams dropped by Rs 1,559 to Rs 1.5 lakh due to renewed military tensions between the US and Iran.

The increase in crude oil rates has heightened concerns over inflation and interest rates, further contributing to the decline in gold prices.

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