The yellow metal gold is marked at 26,198 per 10 grams, an increase by 3% on the global grounds, with rupee falling week. The metal has increased by 11% in the month of August at the stock exchange.

The October contract on the Multi Commodity Exchange of India was at Rs 25,540, up Rs 298 from its previous close. The Indian currency rupee fell to its lowest mark in 10 weeks as the selling out of global equities had aroused a doubt on foreign fund outflow.

The gold rates increased by 2% in the international markets on Tuesday, which was second time rise in the segment that surpassed the limit of $1,750. The shares in the Asian market also witnessed a fall due to the slow economic growth.

The increased rates of the gold had surpassed the previous records of the international market. Gold for delivery in February also traded at a record high of Rs. 26,695 per 10 gram, up by Rs. 799, with a business turnover of 43 lots.

As per Anjani Sinha, MD, National Spot Exchange, "New people are entering the gold market. Stock market investors are diversifying into gold. My estimate is that about 10% of regular stock market investors have newly entered the gold market in the last six months".