India, July 28 -- Gold prices on Monday rose by Rs 984 to Rs 1.44 lakh per 10 grams in futures trade as a weak US dollar in overseas markets and easing geopolitical worries boosted demand in physical markets.

On the Multi Commodity Exchange, the yellow metal contracts for August delivery traded higher by Rs 984, or nearly 1 per cent, to Rs 1,44,090 per 10 grams in a business turnover of 591 lots.

On the domestic front, gold futures for August delivery rose Rs 2,200, or 1.6 per cent, to close at Rs 1.43 lakh per 10 grams during the last week.

"Gold prices rose on Monday as investors increased buying following a temporary pause in Washington-Tehran hostilities and ahead of this week's US Federal Reserve interest policy decision," said Ga...