The gold selling price in Sri Lanka is constantly fluctuating. As of 18th November 2023, the price of 22 Carat 8 Grams (1 Pawn) of gold is Rs. 168,850. Additionally, you can purchase 22 Carat 1 Gram of gold for Rs. 21,110. The rate for 24 Carat 8 Grams of gold is Rs. 184,100. This updated information is crucial for individuals looking to invest in gold or buy/sell gold jewelry in Sri Lanka.
Key Takeaways:
- Gold selling prices in Sri Lanka are subject to constant fluctuations.
- The current price for 22 Carat 8 Grams of gold is Rs. 168,850.
- The price for 22 Carat 1 Gram of gold is Rs. 21,110.
- The rate for 24 Carat 8 Grams of gold is Rs. 184,100.
- Keeping track of the updated gold prices is essential for gold investors and jewelry buyers/sellers in Sri Lanka.
Current Gold Price in Sri Lanka
The price of gold in Sri Lanka is influenced by various factors, including global market trends, economic conditions, and geopolitical events. As of today, the gold rate in Sri Lanka is as follows:
| Gold Type | Price per Gram (LKR) |
|---|---|
| 24 Carat | 23,020 |
| 22 Carat | 21,110 |
These prices are for 1 gram of gold and may vary slightly depending on the jeweler or seller. It’s important to note that the gold price in Sri Lanka is updated regularly and can fluctuate throughout the day.
If you’re considering buying or selling gold in Sri Lanka, it’s crucial to stay updated with the current gold price. This information enables you to make informed decisions and ensures that you get the best possible value for your investment or jewelry. It is particularly vital for those residing or looking to trade in major cities like Colombo, where gold prices may slightly differ.
Factors Affecting Gold Prices
The gold price today in Sri Lanka, as well as globally, can be influenced by several factors:
- Economic conditions: When the economy is unstable, investors often turn to gold as a safe haven, causing prices to rise.
- Inflation: Gold is often seen as a hedge against inflation, so when inflation rates increase, the demand and price of gold may also rise.
- Global events: Geopolitical tensions, natural disasters, and other major events can impact the gold market, leading to price fluctuations.
It’s important to monitor these factors and stay updated with the current gold price in Sri Lanka to understand the market trends and make informed decisions about buying or selling gold.
Now that you’re aware of the current gold price in Sri Lanka, and the factors influencing it, you can navigate the gold market with confidence and make informed decisions based on the prevailing market conditions.
Historical Gold Price in Sri Lanka
Understanding the historical trends of gold prices in Sri Lanka is crucial for anyone interested in the gold market. Tracking the fluctuations in gold prices over time provides valuable insights into the volatility and potential growth of the market. Below, you’ll find a breakdown of the gold price per gram and per ounce for various carat options.
Gold Price per Gram
| Date | 24 Carat Gold | 22 Carat Gold |
|---|---|---|
| November 12, 2023 | Rs. 23,020 | Rs. 21,110 |
| November 13, 2023 | Rs. 22,440 | Rs. 20,570 |
| November 14, 2023 | Rs. 23,020 | Rs. 21,110 |
| November 15, 2023 | Rs. 23,020 | Rs. 21,110 |
| November 16, 2023 | Rs. 23,020 | Rs. 21,110 |
By analyzing the historical data, it can be observed that the gold price per gram for 24 Carat gold has ranged from Rs. 23,020 to Rs. 22,440 over the past week. Similarly, the price per gram for 22 Carat gold has fluctuated between Rs. 21,110 to Rs. 20,570. These price variations highlight the daily market movements and can help individuals gauge the potential returns and risks associated with investing in gold.
Gold Price per Ounce
| Date | Gold Price per Ounce |
|---|---|
| November 12, 2023 | Rs. 652,362 |
| November 13, 2023 | Rs. 636,006 |
| November 14, 2023 | Rs. 644,582 |
| November 15, 2023 | Rs. 644,582 |
| November 16, 2023 | Rs. 644,582 |
Tracking the gold price per ounce is another useful metric for investors. Over the past week, the price per ounce has ranged from Rs. 652,362 to Rs. 636,006. These fluctuations illustrate the volatility of the gold market and can guide individuals in making informed decisions.
By analyzing both the gold price per gram and per ounce, investors and individuals interested in the gold market can gain a deeper understanding of the historical trends and daily fluctuations. This knowledge is invaluable for making informed decisions and maximizing the potential returns on gold investments.
Monthly Trends of Gold Price in Sri Lanka
When it comes to investing in gold in Sri Lanka, understanding the monthly trends of gold prices is crucial. By analyzing the historical data, you can gain valuable insights into the market and make informed decisions about your gold investments. Here, we’ll take a closer look at the monthly trends for 24 karat, 22 karat, and 18 karat gold prices in Sri Lanka.
24 Karat Gold Price
The price of 24 karat gold in Sri Lanka has shown a positive upward trend in recent months. In October 2023, the price started at LKR 19,302 per gram and increased to LKR 20,998 per gram by the end of the month. The highest rate reached LKR 21,074 per gram on 6th October, while the lowest rate was LKR 18,990 per gram on 29th October. This data indicates a steady growth in the price of 24 karat gold.
22 Karat Gold Price
Similar to 24 karat gold, the price of 22 karat gold has also been on the rise in Sri Lanka. In October 2023, the price started at LKR 17,770 per gram and increased to LKR 19,333 per gram by the end of the month. The highest rate reached LKR 19,423 per gram on 6th October, while the lowest rate was LKR 17,650 per gram on 29th October. This upward trend suggests a positive market for 22 karat gold.
18 Karat Gold Price
For those interested in 18 karat gold, the price has also seen a consistent increase in Sri Lanka. In October 2023, the price started at LKR 14,352 per gram and increased to LKR 15,599 per gram by the end of the month. The highest rate reached LKR 15,665 per gram on 6th October, while the lowest rate was LKR 14,290 per gram on 29th October. These figures indicate a promising trend for 18 karat gold in the market.
It’s important to note that these prices are based on historical data and can be subject to fluctuations. Staying updated with the latest gold prices will help you make well-informed decisions when it comes to your gold investments in Sri Lanka.
| Month | 24 Karat Gold Price (LKR/gram) | 22 Karat Gold Price (LKR/gram) | 18 Karat Gold Price (LKR/gram) |
|---|---|---|---|
| October 2023 | LKR 20,998 | LKR 19,333 | LKR 15,599 |
| September 2023 | LKR 19,405 | LKR 17,830 | LKR 14,472 |
| August 2023 | LKR 19,102 | LKR 17,548 | LKR 14,226 |
Live Gold Price in Sri Lanka
Stay up-to-date with the live gold price in Sri Lanka to make informed decisions about your gold investments. As of 18th November 2023, the gold rate per gram for 24 Karat gold is LKR 21,106.76, while 22 Karat gold is priced at LKR 19,333.79 per gram. With this real-time information, you can track the fluctuations in gold prices and take advantage of favorable buying or selling opportunities.
Knowing the gold price per ounce is also essential for those looking to invest in larger quantities. LivePriceofGold.com provides accurate data on the current gold price per ounce in Sri Lanka. The live rate for 24 Karat gold per ounce is LKR 656,382.22, giving investors a clear understanding of the market value at any given moment.
If you prefer to buy or sell gold in larger units, such as kilograms, the live gold price per kilogram is crucial. As of the latest update, the rate for 24 Karat gold per kilogram is LKR 21,106,760.94. This information is particularly valuable for institutional investors or individuals looking to make significant transactions in the gold market.
| Gold Measurement | Price (LKR) |
|---|---|
| Per Gram (24 Karat) | 21,106.76 |
| Per Gram (22 Karat) | 19,333.79 |
| Per Ounce (24 Karat) | 656,382.22 |
| Per Kilogram (24 Karat) | 21,106,760.94 |
By keeping track of the live gold price in Sri Lanka, you can make informed decisions about your gold investments and take advantage of favorable market conditions. Whether you are a seasoned investor or looking to enter the gold market, having access to real-time data is essential for maximizing your returns.
Conclusion
As you can see, the gold market in Sri Lanka has experienced a positive trend in recent years, with prices steadily increasing. Staying informed about the current and historical gold prices is crucial if you’re interested in gold investments or buying and selling gold jewelry. By keeping track of the gold market in Sri Lanka, you can make well-informed decisions and maximize your potential returns.
With the availability of live gold price data, you can easily access up-to-date information on gold prices for investment or trading purposes. Whether you’re a seasoned investor or an individual looking to sell your gold, understanding the gold market in Sri Lanka is key.
So, stay updated with the fluctuating gold prices in Sri Lanka and take advantage of the opportunities presented by this dynamic market. Make informed decisions and make the most of your gold investments. The gold market in Sri Lanka is waiting for you to explore its potential.
