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The dollar jumped to a 3-week top on Tuesday while stock markets in Asia were choppy as an historic US-North Korea summit got underway in Singapore
Trump's move is also seen as risking worsening already-tense relations between Iran and US allies in the region.
While caution on Trump's statement kept investors edgy in early trade, technology firms helped to generate gains for Asian equities.
Since February 1, the day Union Budget 2018-19 was presented, the 30-share Sensex has plummeted by over 1,208 points in three sessions and the NSE Nifty has lost 361 points in the period.
OPEC forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was successfully getting rid of a glut.
Snapping its two-day falling streak, gold prices recovered by Rs 110 per ten grams at the bullion market here today, tracking a firm trend overseas amid renewed buying by jewellers demand.
Gold prices fell by another Rs 100 to Rs 30,600 per 10 grams at the bullion market today, largely in tandem with a weak global trend amid muted demand from local jewellers.
Benchmark Nifty ended flat today at 10,085.40 points on weak global cues after North Korea launched another missile over Japan.
Gold steadied above an earlier two-week low on Thursday as the dollar softened despite strong U.S. consumer inflation data, which could allow further interest rate increases from the Federal Reserve.
Gold recorded a steep fall of Rs 500 in its prices to close at Rs 30,350 per 10 grams at the bullion market today, tracking a weak trend overseas amid tepid demand from local jewellers.