KARACHI:

Gold prices in Pakistan soared past Rs400,000 per tola to a fresh record high on Monday, in tandem with the international rally where the precious metal surged past $3,800 an ounce for the first time. The spike was fueled by investor demand for safe-haven assets amid US rate cut expectations, fears of a potential government shutdown, and rising geopolitical tensions.

In the local market, the gold price per tola jumped by Rs5,900 to settle at Rs403,600, while the 10-gram rate climbed Rs5,058 to Rs346,021, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). On Saturday, gold had closed at Rs397,700 per tola after a gain of Rs1,900.

Internationally, spot gold jumped 1.6% to $3,820.96 per ounce by 0932 am ET (1332 GMT), after hitting a record high of $3,83

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