New Delhi, March 23 -- Gold prices have surged sharply this year due to heightened concerns over the economic fallout from US President Donald Trump's tariff policies, fears of a slowdown in the US economy, a decline in the dollar index, increased central bank buying, and strong retail demand.

Gold rates are at a record high, with domestic spot prices surging as much as 17 per cent in the last three months. With gold prices soaring, jewellery stocks are drawing investor attention.

Jewellery stocks tend to benefit significantly from soaring gold prices, as rising gold rates boost consumer interest in gold as a valuable asset.

However, the relationship between gold prices and jewellery stocks is complex.

In the short term, a spike in go...