India, May 26 -- Gold prices climbed by Rs 426 to Rs 1.59 lakh per 10 grams in futures trade on Monday, tracking gains in global markets amid optimism surrounding a possible peace agreement between the US and Iran.

On the Multi Commodity Exchange, the yellow metal for the June delivery increased by Rs 426, or 0.27 per cent, to Rs 1,59,105 per 10 grams in a business turnover of 5,312 lots.

"Gold prices saw a notable uptick on Monday, driven primarily by a weaker US dollar and optimism surrounding a potential US-Iran peace deal," Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.

The positive sentiment was further bolstered by easing crude oil prices, with WTI crude holding steady at $96.60 per barrel in the international market...