November 11, Colombo (LNW): Gold prices in Sri Lanka have climbed once again, following a sharp rise in the international gold market. Today, the global price of gold surpassed US$4,120 per ounce, fuelling a corresponding increase locally.
In the Colombo Pettah gold market, a 22-carat gold sovereign is now being sold for Rs. 300,600, up Rs. 7,000 from Rs. 293,200 recorded last Tuesday. Traders attribute the hike to both global price trends and increased domestic demand.
Meanwhile, the cost of a 24-carat gold sovereign has jumped from Rs. 317,000 last week to Rs. 325,000, according to market sources.
Analysts note that this upward trend may continue if international gold prices maintain their current momentum, and investors are keeping a close watch on global economic developments that could influence further fluctuations.
Gold Prices Surge Again Amid Global Market Rally
Date:
