Gold prices in Pakistan saw another uptick on Monday, reaching new highs in both global and local markets as demand for the precious metal continues to grow.

According to market reports, the price of gold in the international bullion market rose by $5 per ounce, bringing it to $3,027.

In response to the global increase, the price of 24-carat gold per tola in Pakistan climbed by Rs600, reaching Rs318,600.

Likewise, the price of 10 grams of gold rose by Rs515, settling at Rs273,148.

Market analysts attribute the continued rise to ongoing economic uncertainty and investors seeking safe-haven assets.