Gold prices look to witness some more downswing but are likely to find initial support at ₹51,400 per 10 gm zone, say experts
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Following rebound in dollar index and US Fed officials remaining committed to raising interest rates, gold price rally took a pause in the week gone by. Ending the four weeks rally, MCX gold rate finished at ₹51,505 per 10 gm levels, logging over 2 per cent weekly loss in the week gone by whereas spot gold price ended around $1,747 per ounce levels.
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