Gold prices in Sri Lanka have recorded a notable decline, reflecting the ongoing downward movement in global markets.
According to market data, local gold rates dropped by Rs. 5,000 today, bringing the total decrease over the past week to around Rs. 38,000.
As a result, the price of a 24-carat gold sovereign has fallen from Rs. 408,000 on March 17 to Rs. 370,000 as of today (24). Similarly, the 22-carat gold sovereign has seen a reduction from Rs. 375,300 to Rs. 340,400 during the same period.
Meanwhile, international gold prices have also continued to decline compared to the previous day, with the global rate currently standing at approximately USD 4,344 per ounce.
Market analysts note that fluctuations in global demand and broader economic conditions are contributing to the ongoing decrease in gold prices both locally and internationally.
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