Gold prices continue to climb, with both international and local rates seeing a significant increase on Monday. On the international bullion market, the price of gold per ounce rose by $12, reaching a new high of $2,948.

Locally, gold saw an upward trend in Pakistan's jewellery markets, with the price per tola rising by Rs1,500 on Monday, pushing the new rate to Rs309,500.

The price of gold per 10 grams also saw an increase of Rs1,286, reaching a new level of Rs265,346. This continuing rise in prices reflects the global demand and economic factors driving the precious metal’s value higher.

This upward trend in gold prices is attributed to various global economic factors, including inflation concerns and shifts in currency valuations. Investors are increasingly turning to gold as a safe-haven asset amidst market uncertainties.

Earlier, Gold prices have rebounded after a brief decline, both internationally and domestically, marking a significant milestone in the precious metals market.

In the international bullion market, the price of gold per ounce has risen by $6, reaching $2,936.