New Delhi, March 20 -- Amid heightened volatility and uncertainty driven by global and domestic factors, investors are witnessing a rare phenomenon-gold and equities rising in tandem.

Gold prices have been on a record-breaking spree over the last few days. Since March 19, domestic spot gold prices have risen over 4 per cent this month. Similarly, the equity benchmark Nifty 50 has gained 3.5 per cent this month.

Historically, these two asset classes move in opposite directions. Gold prices tend to rise during times of uncertainty, while the stock market rallies when economic indicators signal strong growth.

There are two major factors that are supporting gold and risker equities at the same time- a fall in the dollar index and the expec...