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Founded Year

1992

About Kedia Securities

Kedia Securities Pvt Ltd operates as a brokerage firm.

Kedia Securities Headquarter Location

240, Laxmi Plaza Laxmi Indl Estate, New Link Rd

Mumbai, 400053,

India

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Latest Kedia Securities News

Gold Price Today, May 31: Expert says BUY Yellow metal for target of Rs 49053, support at 48215

May 31, 2021

Gold price today 31/5/2021: Kedia Securities says that Gold yesterday settled down by -0.42% at 48581 weighed down by upbeat U.S. data that showed a recovery in the world's largest economy was on track, while rising U.S. Treasury yields further added pressure. The U.S. economy is on a solid trajectory for growth and the inflation argument has ebbed a bit because the Federal Reserve has had some success in convincing the marketplace that it is indeed just going to be transitory Gold is getting support at Rs 48398 and below same could see a test of Rs 48215 levels, and resistance is now likely to be seen at Rs 48817, a move above could see prices testing Rs 49053, says Kedia Securities: Reuters 09:11 am RELATED NEWS Gold price today 31/5/2021: Kedia Securities says that Gold yesterday settled down by -0.42% at 48581 weighed down by upbeat U.S. data that showed a recovery in the world's largest economy was on track, while rising U.S. Treasury yields further added pressure. The U.S. economy is on a solid trajectory for growth and the inflation argument has ebbed a bit because the Federal Reserve has had some success in convincing the marketplace that it is indeed just going to be transitory. China's net gold imports via Hong Kong jumped 219% in April from the previous month, Hong Kong Census and Statistics Department data showed. Net imports stood at 52.821 tonnes in April, compared with 16.545 tonnes in March, the data showed. Total gold imports via Hong Kong rose to 55.699 tonnes from 21.766. Swiss exports of gold to mainland China surged in April to their highest since December 2019, customs data showed, as demand for gold in the world's biggest bullion consuming nation rebounded from a slump during the coronavirus pandemic, highlights Kedia Securities. See Zee Business Live TV Streaming Below: Switzerland is the world's largest gold refining centre and transit hub. Its numbers provide an insight into global market trends. Swiss customs data show exports of 40.2 tonnes of gold worth around $2.5 billion at current prices to China in April – more metal than was sent in the last 14 months combined. Technically market is under long liquidation as market has witnessed drop in open interest by -46.17% to settled at 2593 while prices down -203 rupees, now Gold is getting support at Rs 48398 and below same could see a test of Rs 48215 levels, and resistance is now likely to be seen at Rs 48817, a move above could see prices testing Rs 49053, says Kedia Securities. Trading Ideas of Gold:   Gold trading range for the day is Rs 48623 – Rs 49443. Gold settled flat recovering from lows after data showed U.S. consumer prices surged in April and boosted bullion's appeal as an inflation hedge. An inflation reading preferred by the Federal Reserve showed an acceleration in the pace of price growth but not as much as traders had feared.

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