Gold prices rose during Asian trading on Wednesday, as the decline in oil prices in the wake of the United States extending the ceasefire with Iran calmed fears of worsening inflation and continued rise in interest rates. The price of gold in spot transactions rose 0.9 percent to $4,755.11 per ounce by 0225 GMT, after falling yesterday, Tuesday, to the lowest level since April 13. US gold futures for June delivery rose 1.1 percent to $4,772.90.