New Delhi, June 11 (PTI) Gold prices fell below the Rs 19,000 level in the bullion market today, losing Rs 120 to Rs 18,905 per ten grams on sustained selling by stockists, driven by a weakening trend on the global front.
The trading sentiment remained bearish for the third straight day as stockists indulged in booking profits at existing high levels and investors shifted their money from melting bullion to rising equity markets.
Gold, which had surged to a record high of Rs 19,220 per ten grams on Tuesday, fell on market players' concerns that recent gains were excessive.
The precious metal in global markets, which normally sets the price trend on the domestic front, fell by USD 15.40 to USD 1,217.70 an ounce in New York last evening.
