Gold prices rose 0.45 per cent to Rs 26,434 per 10 grams at the futures trade as speculators created fresh positions after the precious metal climbed in global markets.

On the Multi Commodity Exchange, gold for delivery in June was up by Rs 119 or 0.45 per cent to Rs 26,434 per 10 grams in a business turnover of four lots.

The metal for delivery in April moved up by Rs 99 or 0.38 per cent to Rs 26,222 per 10 grams in a turnover of 325 lots.

Market analysts said the rise in prices in the global market, where the yellow metal extended a rally from a seven-week low as Chinese buyers returned from a week-long holiday, influenced gold prices at the futures trade here.

Meanwhile, gold rose 0.4 per cent to $1,209.79 an ounce in Singapore.

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