India, June 13 -- Gold prices rose nearly 1 per cent to Rs 1.49 lakh per 10 grams in futures trade on Friday, tracking a firm trend in the overseas markets.

On the Multi Commodity Exchange, the yellow metal for August delivery increased by Rs 915, or 0.61 per cent, to Rs 1,49,847 per 10 grams in 9,122 lots.

"Gold prices surged nearly 1 per cent on Friday after US President Donald Trump announced that he had cancelled plans for a military strike on Iran," brokerage firm Axis Securities said.

The move eased immediate geopolitical concerns and boosted demand for precious metals, it added.

Globally, Comex gold futures for the August contract appreciated by $88.75, or 2.16 per cent, to $4,202.75 per ounce in New York. "Bullion rebounded sh...