So far in the year, gold prices have crashed by more than Rs 4,000 thus making the yellow metal still a lucrative instrument for investment.
At late morning trade, gold was at the level of Rs 46,918 per 10 grams on MCX, which is still cheaper by Rs 9,273.
On Friday, Gold in the national capital on Friday jumped Rs 222 to Rs 45,586 per 10 gram amid a recovery in international precious metal prices and rupee depreciation.