Spot gold was down about 1% at $3,828.75 per ounce by 11:35 a.m. Gold, viewed as a safe-haven asset during times of uncertainty, thrives in a low-interest-rate environment. Spot prices had hit a record high of $3,896.49 earlier in the session amid the ongoing U.S. government shutdown. Elsewhere, spot silver eased 2.7% to $46.06 per ounce, platinum lost 1.2% to $1,539.10 and palladium fell 1.8% to $1,221.90. (Reporting by Noel John and John Biju in Bengaluru, Additional reporting by Ashitha Shivaprasad; Editing by Leroy Leo)