New Delhi, July 19: Gold maintained its losing streak for the fourth straight day by falling Rs 85 to Rs 18,500 per ten gram in the national capital today on sustained selling by stockists influenced by a weak global trend.
Trading sentiment remained bearish after gold extended the biggest fall in almost two weeks in global markets, as the dollar gained, curbing demand for the metal.
Marketmen said in addition to a weak trend in global markets, reduced offtake at existing higher levels also pulled down the precious metal prices.
The gold in global markets, which normally sets a price trend at the domestic front, declined by 0.2 per cent to USD 1,191.05 an ounce.
Gold with 99.99 purity and 99.5 purity remained under selling pressure and fell further by Rs 85 each to Rs 18,500 and Rs 18,400 per ten gram, respectively.
--Agencies
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