KARACHI: Gold prices in both international and local markets surged to record highs on Monday, driven by expectations of further US interest rate cuts and rising demand for safe-haven assets amid global uncertainty.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the international gold price rose by $34 to reach $3,719 per ounce. In the domestic market, the price of 10 grams (24kt) increased by Rs2,915 to Rs337,534, while one tola rose by Rs3,400 to Rs393,700.

Silver also followed the upward trend. The domestic........

© Dawn Business