Gold prices in Sri Lanka climbed sharply today (23), mirroring a strong upswing in the global gold market, traders said.
Internationally, gold prices rose to USD 4,485 per ounce, prompting a corresponding increase in local prices. Compared to yesterday (22), gold rates in Sri Lanka have gone up by Rs. 7,000.
At the Colombo Pettah gold market, a 22-carat gold sovereign was selling this morning at Rs. 325,600. Meanwhile, the price of a pound of 24-carat gold increased to Rs. 352,000, up from Rs. 344,000 recorded the previous day, market sources confirmed.
Traders attribute the local price hike to sustained global demand and rising international bullion prices.
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