Gold dips from record levels to Rs 19,025

Losing Rs 45 to Rs 19,025 per ten grams, gold prices declined from their record levels in the national capital.

This is on emergence of profit selling by stockists influenced by a weakening global trend.

Meanwhile, the precious metal had increased to a record high of Rs 19,070 per ten grams on Saturday.

It turned bearish on a weakening global trend together with profit booking by stockists at existing levels.

Gold in overseas markets, however, normally sets the price trend in the domestic market and it declined by $5.90 to $1214.10 an ounce.

Moreover, the decline in demand from jewelers and retail customers at higher levels also put pressure on the precious metal''s prices.

Pure gold (99.9) declined by Rs 45 to Rs 19,025 per ten grams, while gold of 99.5 purity was being traded lower by the same margin at Rs 18,925 per ten grams.