New Delhi, May 18: Gold prices today fell by Rs 190 to Rs 18,300 per ten grams in the bullion market here as firming stock markets reduced the appeal of the precious metal considered as a safe bet.
Silver plunged by Rs 450 to Rs 29,150 per kg on lack of buying support from industrial units.
Gold had surged to Rs 18,490 per ten gram, a tad away from all-time high of Rs 18,550 recorded on December 3, as investors shifted funds from weak equity markets rocked by concerns over debt crisis in the eurozone countries, to the precious metal.
Trading sentiment turned bearish after gold fell to one-week low in London as stock advances and a rebound by the euro curbed demand for the metal as a haven asset, marketmen said.
–PTI