Gold prices drop, merchants say

Colombo (LNW): The gold prices have dropped in response to the recent appreciation of the Sri Lanka Rupee against the US Dollar, local merchants revealed.

Accordingly, the price of a 22-karat gold sovereign has dropped to Rs. 145,000 in the local market.

A 24-karat sovereign is sold for between Rs. 150,000 and Rs. 155,000, according to merchants.

Share post:

spot_imgspot_img

Popular

More like this
Related

Faizer Musthafa Considered for Speaker of Sri Lanka’s Parliament?

Sources indicate that Faizer Musthafa, a Member of Parliament...

Sri Lanka Tourism Stumbles Without Strategy, Investment Reforms

Sri Lanka’s tourism industry is confronting a fundamental contradiction:...

Mineral Sands Monopoly Bid Raises Stakes Over Sri Lanka’s Wealth

Sri Lanka’s bid to transform its mineral wealth into...

BOI Courts Foreign Investors to Rescue Sri Lanka’s Untapped Agro-Wealth

Sri Lanka’s Board of Investment (BOI) is intensifying its...