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Gold Ends 8-Day Rally With Mild Consolidation
Gold paused after an 8-day rally, showing mild consolidation near record levels.
After an eight-day upward streak, gold prices consolidated on March 3 with a modest ₹1 per gram decline. 24K gold stands at ₹17,050, slipping from ₹17,051. The cooling follows last week’s sharp ₹700-plus surge across domestic markets. Analysts interpret this pause as healthy consolidation rather than a reversal, with inflation concerns and steady global demand continuing to support underlying bullish sentiment.