India, June 15 -- Gold prices surged sharply in futures trade on Monday, rising by Rs.2,242 to hit Rs.1.52 lakh per 10 grams, supported by strong global cues following reports of a US-Iran peace framework that improved investor sentiment.

On the Multi Commodity Exchange (MCX), gold futures for August delivery climbed 1.49% to Rs.1,52,770 per 10 grams, marking a strong recovery after last week's sharp correction of over Rs.5,000 per 10 grams.

Market analysts said the rebound came as investors reassessed positions after easing geopolitical tensions and a softer dollar boosted demand for safe-haven assets like gold. The yellow metal also gained support from expectations of softer US Treasury yields and shifting interest rate outlooks.

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