April 20, Colombo (LNW): Gold prices in Sri Lanka have climbed sharply, reflecting a broader upswing in international markets, with local traders reporting a noticeable increase in rates over the past 24 hours.
Market observers note that the global price of gold has risen to approximately 4,829 US dollars per ounce, fuelling a corresponding jump in domestic prices. The upward trend has been attributed to heightened investor demand and ongoing economic uncertainty in key financial regions.
In Colombo’s well-known bullion trading hub at Sea Street, the price of a 22-carat gold sovereign has risen significantly, now reaching around Rs. 370,000.
Traders say customer activity has remained steady despite the higher prices, as many continue to view gold as a safe-haven investment.
Meanwhile, 24-carat gold has also recorded an increase, with a pound now priced at roughly Rs. 402,000, up from Rs. 400,000 the previous day. Dealers expect fluctuations to continue in the coming days, depending on movements in the global market and currency exchange rates.
