Gold Price Today in Sri Lanka in Sri Lanka Rupee (LKR)

Monday, 7 October 2024, 2:54 AM

781,026.46 Sri Lanka Rupee/Ounce
25,113.39 Sri Lanka Rupee/Gram 24K
23,003.87 Sri Lanka Rupee/Gram 22K
18,835.04 Sri Lanka Rupee/Gram 18K
Gold price in Sri Lanka Ounce Gram
24K 22K 21K 18K 14K

Gold ounce price in Sri Lanka is 781,026.46 Sri Lanka Rupee per ounce, Gold gram price is 25,113.39 per gram karat 24, 23,020.61 Sri Lanka Rupee per gram karat 22, 21,974.22 Sri Lanka Rupee per gram karat 21, 18,835.04 Sri Lanka Rupee per gram karat 18.

Gold Price in Sri Lanka in Sri Lanka Rupee

Gold Unit Sri Lanka Rupee U.S. Dollar
Gold Ounce 781,026.46 2,645.50
Gold Gram Karat 24k 25,113.39 85.06
Gold Gram Karat 22k 23,003.87 77.92
Gold Gram Karat 21k 21,974.22 74.43
Gold Gram Karat 18k 18,835.04 63.80
Gold Gram Karat 14k 14,691.33 49.76
Gold Gram Karat 12k 12,556.70 42.53
Gold Gram Karat 10k 10,472.28 35.47
Gold Gram Karat 9k 9,417.52 31.90
Gold Gram Karat 8k 8,362.76 28.33

Common Gold Karats in Sri Lanka

In Sri Lanka, the most commonly used gold karats are 22K, 18K, and 14K. The predominant choice among consumers is 22K gold, which contains 91.6% pure gold. This high purity level makes it ideal for traditional jewelry, often favored for weddings and special occasions due to its rich color and luster.

Following closely is 18K gold, which consists of 75% gold and is popular for both jewelry and more modern designs. It strikes a balance between purity and durability, making it suitable for everyday wear while still showcasing an appealing golden hue.

Less common is 14K gold, containing 58.3% pure gold. While it is not as widely used as the higher karats, it has gained popularity among some consumers due to its affordability and strength, making it resistant to scratching and bending.

Overall, while 22K remains the favorite, the presence of 18K and 14K gold offers a range of options for different preferences and budgets in Sri Lanka's vibrant jewelry market.

Gold Price Chart in Sri Lanka

How Gold Price is Determined in Sri Lanka

The price of gold in Sri Lanka is influenced by a variety of factors that reflect both local and global market dynamics. Primarily, the international market price of gold, which is quoted in US dollars per ounce, plays a significant role. As global demand fluctuates due to economic conditions, investment trends, and market speculation, the local price in Sri Lanka adjusts accordingly to mirror these changes.

Another important factor is the exchange rate between the Sri Lankan Rupee and the US Dollar. When the rupee weakens against the dollar, it can lead to an increase in gold prices in the local market, even if the international price remains stable. Additionally, local taxes, import duties, and business margins also contribute to the final retail price of gold in Sri Lanka.

Seasonal trends and cultural factors can further influence demand, particularly during festive periods or weddings when gold purchases typically rise. Thus, understanding the multifaceted nature of gold pricing in Sri Lanka requires consideration of both global influences and local economic conditions.

Price of Gold Bullion in Sri Lanka in Sri Lanka Rupee

  • The price of gold bullion 5 grams 24K in Sri Lanka: 125,566.95 Sri Lanka Rupee
  • The price of gold bullion 10 grams 24K in Sri Lanka: 251,133.91 Sri Lanka Rupee
  • The price of gold bullion 20 grams 24K in Sri Lanka: 502,267.82 Sri Lanka Rupee
  • The price of gold bullion 50 grams 24K in Sri Lanka: 1,255,669.54 Sri Lanka Rupee
  • The price of gold bullion 100 grams 24K in Sri Lanka: 2,511,339.08 Sri Lanka Rupee
  • The price of gold bullion 250 grams 24K in Sri Lanka: 6,278,347.71 Sri Lanka Rupee
  • The price of gold bullion 500 grams 24K in Sri Lanka: 12,556,695.42 Sri Lanka Rupee
  • The price of gold bullion 1000 grams 24K in Sri Lanka: 25,113,390.84 Sri Lanka Rupee

Predictions for Gold Prices in Sri Lanka

The gold market in Sri Lanka has experienced significant fluctuations recently, driven by various factors including global economic conditions, local demand, and currency fluctuations. Strong demand for gold as a safe-haven asset is expected to continue, especially amidst rising inflation and geopolitical uncertainties. Consequently, experts predict that gold prices may rise in the coming months as investors seek to hedge against potential economic downturns.

Furthermore, the depreciation of the Sri Lankan Rupee against major currencies may contribute to higher local gold prices. Inflationary pressures are also likely to lead consumers to invest in gold as a reliable store of value. Analysts suggest that if global gold prices trend upward, Sri Lanka will follow suit, with prices possibly reaching record highs in response to both local and international market dynamics.

Moreover, seasonal factors such as festivals and wedding seasons traditionally increase gold demand in Sri Lanka, which can further elevate prices. Overall, the outlook for gold prices in Sri Lanka remains bullish, with market observers closely monitoring economic indicators and global trends to refine their predictions.

Gold price in Sri Lanka in October 2024 in Sri Lanka Rupee

Date Gold Ounce Gold Gram Karat 24 Gold Gram Karat 22 Gold Gram Karat 21 Gold Gram Karat 18 Gold Gram Karat 14
6 October 2024 782,244.07 25,152.54 23,054.64 22,004.05 18,858.34 14,676.25
5 October 2024 782,244.07 25,152.54 23,054.64 22,004.05 18,858.34 14,676.25
4 October 2024 784,314.69 25,219.12 23,115.67 22,062.30 18,908.26 14,715.10
3 October 2024 784,456.23 25,223.67 23,119.84 22,066.28 18,911.67 14,717.75
2 October 2024 784,244.06 25,216.85 23,113.59 22,060.31 18,906.56 14,713.77
1 October 2024 785,298.12 25,250.74 23,144.65 22,089.96 18,931.97 14,733.55
30 September 2024 793,616.98 25,518.23 23,389.83 22,323.97 19,132.52 14,889.62
29 September 2024 791,896.61 25,462.91 23,339.13 22,275.57 19,091.05 14,857.35
28 September 2024 791,896.61 25,462.91 23,339.13 22,275.57 19,091.05 14,857.35
27 September 2024 800,377.02 25,735.60 23,589.07 22,514.12 19,295.49 15,016.45
26 September 2024 803,736.64 25,843.62 23,688.08 22,608.63 19,376.49 15,079.49
25 September 2024 801,146.22 25,760.33 23,611.74 22,535.76 19,314.04 15,030.89
24 September 2024 804,274.42 25,860.91 23,703.93 22,623.75 19,389.45 15,089.58
23 September 2024 800,871.38 25,751.49 23,603.64 22,528.03 19,307.41 15,025.73
22 September 2024 799,530.21 25,708.37 23,564.11 22,490.30 19,275.08 15,000.57
21 September 2024 799,530.21 25,708.37 23,564.11 22,490.30 19,275.08 15,000.57
20 September 2024 789,292.73 25,379.19 23,262.39 22,202.33 19,028.27 14,808.49
19 September 2024 781,225.66 25,119.80 23,024.63 21,975.41 18,833.79 14,657.14
18 September 2024 774,861.57 24,915.16 22,837.06 21,796.39 18,680.37 14,537.74
17 September 2024 778,275.82 25,024.95 22,937.69 21,892.43 18,762.68 14,601.80
16 September 2024 778,560.73 25,034.11 22,946.09 21,900.44 18,769.55 14,607.14
15 September 2024 778,700.23 25,038.59 22,950.20 21,904.37 18,772.91 14,609.76
14 September 2024 778,560.73 25,034.11 22,946.09 21,900.44 18,769.55 14,607.14
13 September 2024 770,781.54 24,783.97 22,716.82 21,681.62 18,582.00 14,461.19
12 September 2024 760,113.39 24,440.95 22,402.40 21,381.53 18,324.82 14,261.04
11 September 2024 758,057.95 24,374.85 22,341.82 21,323.71 18,275.26 14,222.48
10 September 2024 752,512.53 24,196.54 22,178.38 21,167.72 18,141.58 14,118.43
9 September 2024 748,522.51 24,068.25 22,060.79 21,055.49 18,045.38 14,043.57
8 September 2024 747,757.51 24,043.65 22,038.24 21,033.97 18,026.94 14,029.22
7 September 2024 745,152.12 23,959.88 21,961.45 20,960.68 17,964.13 13,980.34

Gold Price Today