A fresh wave of price increases has swept through Sri Lanka’s gold market, with traders in Pettah’s famed Sea Street reporting a notable jump in rates over the past few days.
As of this morning (15), the price of a 22-carat gold sovereign has risen sharply to Rs. 369,900, marking an increase of nearly Rs. 4,000 compared to the Rs. 366,200 recorded on April 11. The steady climb reflects a growing upward trend that has caught the attention of both buyers and sellers navigating the bustling marketplace.
The rise is not limited to 22-carat gold. Traders also confirmed that 24-carat gold sovereigns have followed a similar trajectory. Prices that stood at Rs. 398,000 on Saturday have now climbed to Rs. 402,000, signaling a consistent uptick across higher purity gold as well.
Sea Street, long considered the heartbeat of Sri Lanka’s gold trade, is witnessing heightened activity as fluctuating prices continue to shape purchasing decisions. While some buyers appear cautious, others are moving quickly, anticipating further increases in the days ahead.
With both 22-carat and 24-carat gold prices edging upward, the local market appears to be entering a period of renewed momentum—one that could redefine short-term trends in Sri Lanka’s precious metals trade.
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