Pakistan, Oct. 7 -- Domestic gold prices hit record highs on Monday, with 10-gram bars at Rs356,033 and one-tola at Rs415,278. The surge follows sharp gains in international markets. Investors are flocking to gold amid global uncertainty and economic concerns.

International gold jumped to $3,940 per ounce, rising $54 in a single day. Experts attribute the spike to US government shutdown fears, geopolitical tensions, and expected Federal Reserve rate cuts. Political instability in France and Japan also fueled investor caution.

READ MORE:Gold price jumps Rs2,100 per tola in Pakistan

The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) said domestic jewellery demand has dropped sharply. High prices are pushing families to excha...