Karachi: (RightNow) Gold prices in the country have decreased once again. Today, the price of gold per tola has dropped by Rs 1600, bringing the new price to Rs 439,036.

Yesterday, there was an increase of Rs 2800 in gold prices. Today, the price of 10 grams of gold also fell by Rs 1372, setting the new price at Rs 376,402.

In the global market, gold prices recorded a decrease of $16, bringing the per ounce price to $4165. The price of silver also dropped by Rs 81, with the new price at Rs 6175.

This decline in gold prices is due to pressure on precious metals in the global market. U.S. inflation statistics and interest rate expectations are affecting these prices.

It is noteworthy that the main reasons for the pressure on gold prices in the global market include the strengthening of the U.S. dollar and the potential increase in interest rates by the Federal Reserve.