Gold falls to Rs 18,725 on reduced offtake

New Delhi, May 31: Gold prices fell by Rs 65 to Rs 18,725 per ten grams in the national capital today on emergence of selling by stockists at existing higher levels amid a weakening global trend.

The trading sentiment for the precious metal turned bearish after gold declined in Asia on concerns that Europe?s debt crisis might stall the global recovery.

Marketmen said fresh selling by stockists after metal prices declined in Asia mainly led to the fall in gold and silver prices.

A fall in demand at existing higher levels in domestic markets also put pressure on gold prices, they said.

Gold in overseas markets, which normally sets the price trend on the domestic front, declined 0.4 per cent to USD 1,209.95 an ounce.