Pakistan, May 19 -- Gold prices soared on Monday in both domestic and international markets, driven by increased investor interest in safe-haven assets amid global market uncertainty. In Pakistan, the price of gold per tola rose by Rs4,000, reaching Rs342,500, while the price per 10 grams climbed Rs3,429 to Rs293,638.

The sharp rise in local gold prices closely mirrors developments in the international bullion market, where gold surged by $40 per ounce to reach $3,241. The global spike reflects heightened demand from investors seeking stability during turbulent economic conditions, including inflation fears and geopolitical risks.

Spot gold traded at $3,239.18 an ounce, rebounding from losses in the previous session. US gold futures als...