One local merchant said, "Gold just took off like a rocket ship in the last few months," adding, "We're all along for the ride."

One might expect higher #gold prices to put a drag on demand for gold jewelry, but surprisingly, the impact has been minimal, at least so far in the United States.

India’s retail demand for gold jewelry has been significantly impacted by the surge in gold prices to new all-time highs since the beginning of the year, the World Gold Council said. Despite record-high prices putting pressure on jewelry demand,