Mumbai, Oct. 10 -- Investors should view any sharp correction in gold prices as an opportunity to accumulate, according to the latest report by Jefferies.

The report highlighted that gold has witnessed a remarkable rally, rising 53.9 per cent year to date, following a 27.2 per cent gain last year. Meanwhile, the unhedged gold-mining index has also surged, up 131.8 per cent year to date, compared with only a 13.3 per cent gain last year.

Jefferies noted that the near-vertical ascent in both gold and gold-mining stocks, along with the current media chatter around the precious metal, naturally raises the risk of a correction in the near term.

Despite that, the firm maintained a positive long-term view, suggesting investors should take adv...