Price of gold drops following Rupee appreciation

Date:

By: Isuru Parakrama

Colombo (LNW): The price of gold has dropped concurrent to the strengthening of the Sri Lankan Rupee against the US Dollar, indicating a decline of about Rs. 17,000 – 15,000, disclosed the All Ceylon Jewellery Association.

Accordingly, the price list as of yesterday (04) reveals that the price of a 24-carrot-pound of gold is Rs. 170,500 and the price of a 22-carrot-pound of gold, Rs. 157,000, the Association added.

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