As of November 30, 2024, at 08:13 UTC, gold prices in Sri Lanka keep changing. LivePriceofGold.com shows the price of 24K gold per gram is 24,786.69 Sri Lankan Rupees (LKR). The price for 22K gold per gram is 22,704.61 LKR. And 21K gold per gram is 21,688.36 LKR.
The spot gold price per ounce in Sri Lanka is 770,866.15 LKR. These prices change because of the market and the economy. They are updated live to give you the latest gold prices in Sri Lanka.
Key Takeaways
- The current price of 24K gold per gram in Sri Lanka is 24,786.69 LKR.
- The price of 22K gold per gram stands at 22,704.61 LKR.
- The 21K gold per gram is trading at 21,688.36 LKR.
- The spot gold price per ounce in Sri Lanka is 770,866.15 LKR.
- Gold prices in Sri Lanka are subject to market fluctuations and economic factors.
Current Gold Rates in Sri Lanka
The gold market in Sri Lanka changes with the world’s economy and currency rates. As of November 30, 2024, the gold prices in Colombo show these changes.
24K Gold Prices Per Gram
The price of 24-karat gold in Sri Lanka is LKR 24,791.2 per gram.
22K Gold Prices Per Gram
For 22-karat gold, prices are LKR 22,270.7 per gram to buy. And LKR 24,088.8 per gram to sell.
21K Gold Prices Per Gram
The price of 21-karat gold is not listed. This is because it’s not as common as 24K and 22K gold.
Gold prices in Sri Lanka can change often. They might also have extra costs based on who you buy from. Keeping up with the latest in the Sri Lanka gold market is key for smart choices.
“The price of gold in Sri Lanka shows the country’s economy, global trends, and currency rates.”
Watching the Sri Lanka gold market and gold prices in Colombo helps. It’s good for those who want to buy, sell, or invest in gold.
Price of Gold in Sri Lanka: Market Overview
The gold market in Sri Lanka shows global and local economic trends. Prices for gold like 24K, 22K, and 18K are available. These prices are for grams, ounces, tolas, and kilograms.
International prices, currency rates, and local demand shape the Sri Lankan gold market. Gold prices have changed a lot over time. This is due to inflation, economic stability, and world events.
| Gold Purity | Price per Ounce (LKR) | Price per Gram (LKR) |
|---|---|---|
| 24K | 771,022.17 | 24,750.07 |
| 22K | 706,770.32 | 22,687.54 |
| 21K | 674,644.40 | 21,655.77 |
| 18K | 578,266.63 | 18,563.54 |
| 14K | 449,762.93 | 14,435.18 |
The gold price in Sri Lanka is LKR 771,022.17 per ounce today. There’s a 0% price change today. The market’s volatility is very high.
Gold prices in Sri Lanka have changed a lot. This is because of global economic conditions, inflation, and currency rates. The price of gold hit a high in 2020 because of the COVID-19 pandemic.
In the short to medium term, gold prices in Sri Lanka will likely stay high. This is because of the global economic situation and the pandemic’s impact. Long-term trends will depend on global economic changes and world events.
“The Sri Lankan gold market is a dynamic and complex landscape, reflecting both local and global economic forces.”
Gold Price Trends and Historical Data
It’s important to know about gold prices in Sri Lanka if you’re thinking about investing. We’ll look at weekly, monthly, and yearly changes. This will help us understand the gold market better.
Weekly Price Analysis
Recently, the gold price in Sri Lanka changed a bit. From November 22 to November 29, 2024, the price went down. The 22-karat gold price per gram fell from 25,300 LKR to 25,080 LKR, a drop of -0.87%.
Monthly Price Movements
Looking at the month, the gold price trend is downward. From October 30 to November 29, 2024, the price fell. The 22-karat gold price per gram went from 26,440 LKR to 25,080 LKR, a 5.14% drop.
Yearly Comparisons
When we compare the year, we see a big increase in gold prices. In November 2023, gold was 669,352 LKR per ounce. But in November 2024, it jumped to 770,692 LKR, a 15.16% rise.
| Metric | Value | Change |
|---|---|---|
| Current 24K Gold Price Per Gram | 24,788.36 LKR | -0% |
| Today’s Price Fluctuation | 305.20 LKR | – |
| Price of 1 Ounce of Gold | 771,022.17 LKR | – |
| Price of 1 Kilogram of Gold | 24,788,902.47 LKR | – |
“The gold market in Sri Lanka has shown remarkable resilience, with steady price increases over the past year. This trend is a testament to the enduring appeal of gold as a reliable investment option for Sri Lankans.”
Understanding Gold Purity Standards
When you buy gold in Sri Lanka, knowing about gold purity is key. Gold purity is measured in karats. The highest, 24K, is 99.9% pure gold.
The common gold purities in Sri Lanka are:
- 24K gold – 99.9% pure gold
- 22K gold – 91.7% pure gold
- 21K gold – 87.5% pure gold
- 18K gold – 75% pure gold
- 14K gold – 58.3% pure gold
- 10K gold – 41.7% pure gold
The karat system shows the gold’s value and content. Higher karat gold, like 18K or 24K, is more valuable but softer. Lower karat gold, like 10K or 14K, is more durable but less pure.
When buying gold jewelry in Sri Lanka, check for the karat stamp. This ensures you get the purity and quality you want. Knowing this helps you make smart choices and save money.
“The higher the karat, the more valuable the gold, but the softer it becomes. It’s all about finding the right balance between purity and durability for your needs.”
Gold Rates by Weight Units
Gold prices in Sri Lanka are shown in different weight units. This helps meet the needs of many buyers. It’s key to know these units to make smart choices when buying or investing in gold.
Ounce Measurements
The price of 24-karat gold per ounce in Sri Lanka is රු770,692 as of November 30, 2024. This price changes with the market, influenced by global and local factors.
Tola Measurements
The tola is a traditional weight unit in Sri Lanka. Right now, 24-karat gold costs රු289,107.03 per tola.
Kilogram Rates
For big gold purchases, the kilogram is a good unit. The price of 24-karat gold per kilogram in Sri Lanka is රු24,786,693.05.
Gold prices can change and differ between sellers in Sri Lanka. Knowing the latest prices and weight units helps buyers make better choices. It makes navigating the Sri Lankan gold market easier.
| Gold Purity | Price per Gram (LKR) |
|---|---|
| 24K | 24,467.72 |
| 22K | 22,434.86 |
| 21K | 21,430.68 |
| 18K | 18,369.16 |
| 14K | 14,327.94 |
| 12K | 12,246.10 |
| 10K | 10,213.25 |
| 9K | 9,184.58 |
| 8K | 8,155.91 |
Live Currency Exchange Impact on Gold Prices
If you’re into gold in Sri Lanka, you know currency rates matter a lot. Even if gold prices don’t change much worldwide, changes in the rupee can affect local gold prices a lot.
Right now, the exchange rates are:
- USD/LKR: 290.84
- EUR/LKR: 307.67
- GBP/LKR: 370.41
These rate changes can make gold prices in Sri Lanka go up or down. It’s key for gold buyers and sellers to understand this. It helps them make smart choices and find good deals.
| Currency | Exchange Rate | Gold Price Impact |
|---|---|---|
| USD/LKR | 290.84 | Decreases Sri Lankan rupee gold price |
| EUR/LKR | 307.67 | Increases Sri Lankan rupee gold price |
| GBP/LKR | 370.41 | Significantly increases Sri Lankan rupee gold price |
Watching the rupee exchange rates helps you predict gold market changes. This way, you can make better choices to get the most from your gold investments.
“Understanding the impact of currency exchange on gold prices is crucial for Sri Lankan investors and consumers alike. It allows them to time their purchases and sales more effectively, ensuring they get the best value for their money.”
Knowing about rupee exchange rates and their effect on gold prices is key. It helps you make smart choices that fit your financial plans and the market.
Sri Lankan Gold Market Analysis
The gold market in Sri Lanka is always changing. It’s influenced by many things from around the world and at home. Knowing these factors helps us understand gold prices better.
Market Factors
Things like global gold prices and big world events affect Sri Lanka’s gold market. Local demand, the value of the rupee, and government rules also play big roles.
Price Determinants
Many things decide gold prices in Sri Lanka. Inflation, oil prices, and how strong the rupee is matter a lot. When prices go up, people often buy more gold as a safe choice.
The jewelry market in Sri Lanka is very important. It’s known for its beautiful designs and traditional skills. Prices can change with the seasons, especially during wedding times.
The gold market in Sri Lanka is growing fast. The jewelry industry is expected to grow by 8% from 2024 to 2030. This growth comes from more people with money to spend, foreign investments, and a focus on being green and fair.
| Market Factor | Impact on Gold Prices |
|---|---|
| Inflation | Positive correlation, leading to higher gold prices during inflationary periods |
| Crude Oil Prices | Positive relationship, as higher oil prices can contribute to inflationary pressures |
| Exchange Rates | Inverse relationship, as a stronger Sri Lankan rupee can lead to lower gold prices |
| Jewellery Demand | Positive impact, especially during high-demand seasons like weddings |
The gold market in Sri Lanka is complex and always changing. It’s shaped by both global and local factors. By understanding these, we can make smart choices in this important market.
“Gold is viewed as a store of value and a hedge against economic uncertainties in Sri Lanka.”
Gold Investment Options in Sri Lanka
In Sri Lanka, there are many ways to invest in gold. These options fit different risk levels and goals. They help Sri Lankans find the right gold investment for them.
Physical Gold
Buying physical gold is a classic choice. You can get gold bars, coins, and jewelry from approved sellers. It’s real and you can hold it. But, you need to keep it safe and insured.
Gold Savings Accounts
Banks in Sri Lanka have gold savings accounts. They let you earn interest on your gold. The interest is 1% to 2% a year. It’s easy to invest in gold without keeping it physically.
Gold-Backed Securities
Gold-backed securities like ETFs and gold stocks are also options. They let you invest in gold without the storage worries. It’s a way to diversify your gold investment.
Millionaire Investment Plan
The Millionaire Investment Plan is special in Sri Lanka. It lets you make regular deposits for 2 to 6 years. You earn 10% interest a year. It’s a chance for big returns and quick loans up to 75% of your balance.
It’s important for Sri Lankan investors to know the risks and benefits of each gold investment. By trying different options, they can make the most of the Sri Lankan gold market.
Understanding Gold Price Spreads and Labor Costs
When you buy gold in Sri Lanka, you need to know about the price. The price changes because of many things. Two important ones are the bid-ask spread and extra charges.
Bid-Ask Spreads
The bid-ask spread is the price difference when buying and selling gold. Dealers sell gold for more than they buy it. This is their profit. The spread changes based on who sells it, where, and the market.
Knowing about the spread helps you get a good deal. This is true when you buy gold in Sri Lanka.
Additional Charges
Gold sellers in Sri Lanka also add extra costs to the price. These costs are for making jewelry or other gold items. The extra charges vary by seller.
It’s key to compare prices and know the total cost. This is important when looking at Sri Lanka gold pricing and gold retail costs.