A rally regularly held in old Asian city for capital street trader (6,4)

Times Cryptic #28844 | 1 Across | 2024-02-20
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I haven't cracked this one yet — but the brilliant team at Times for the Times have:

A + R{a}L{l}Y [regularly] contained by [held in] PEKING (old Asian city). Pearly kings and queens are traditional London costermongers whose ceremonial clothes are lavishly decorated with pearl buttons.

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