Gold prices in Sri Lanka witnessed a sharp increase today, reflecting a strong upward movement in the international market, according to local traders.
Dealers in Colombo’s Pettah market reported that gold prices jumped by Rs. 7,000 within a single day, signaling heightened demand and global price pressure filtering into the local economy.
As a result, the price of a 22-carat gold sovereign climbed to Rs. 363,400. Meanwhile, 24-carat gold also recorded a notable rise. After being priced at Rs. 388,000 yesterday, a 24-carat sovereign surged to Rs. 395,000 today.
Traders attribute this sudden spike to fluctuations in the global gold market, which continue to influence domestic pricing trends. The increase has drawn attention from both investors and consumers, particularly those planning to purchase gold for savings or ceremonial purposes.
With gold traditionally seen as a safe-haven asset, market watchers suggest that continued volatility in international markets could keep prices elevated in the days ahead.
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