Gold prices rose on Monday in both global and local markets as investor activity remained strong.

In the international bullion market, the price of gold climbed by $17 per ounce, reaching $2,900. The upward trend was mirrored in Pakistan’s local markets, where the price of 24-karat gold surged by Rs1,700 per tola, settling at Rs303,200.

The price of 10-gram gold also increased by Rs1,458 to reach Rs259,945. Despite the rise in gold prices, silver remained unchanged. The price of silver stood firm at Rs3,350 per tola and Rs2,872.08 per 10 grams.

Market analysts attribute the sustained rise in gold prices to continued investor interest amid global economic uncertainties.