Gold Price in Sri Lanka | Latest All Carat Rates – Nov 2022

24 Carat Gold Price In Sri Lanka:
20660.793 (LKR) Per Gram

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When looking to buy gold in Sri Lanka or to monitor the current price of gold, you can view the live gold price in Sri Lanka which will be in the local currency (LKR).  

 Although there is a strong market demand for gold in Sri Lanka, consumers are always concerned about the quality of gold available there.

In order to ensure quality, the Bank now imports gold certified to be 99.5% pure from reputed international suppliers and mints.  

*these rates are taken from some reliable sources of the industry.

Gold from Sri Lanka is available at a cheaper rate, and its quality, purity, and origin are higher than other countries.

Sri Lankan gold is tested and hallmarked, so there is no risk when buying gold there.

 Identifying current gold prices in Sri Lanka is the first step in researching gold prices in Sri Lanka. Below is a table with current gold prices in Sri Lanka.

An example of how jewellery production is actually done is illustrated in the following graphic.

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In order to explain the flow of this guide and what it covers, we’ve outlined the following topics.    

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Keep a Track of Gold price in Sri Lanka

Monitoring changes in prices on a regular basis is vital. It is recommended that you consider buying within 2 to 3 business days if you see a slight price drop.

Gold can be purchased from numerous jewelry shops, and their prices vary according to their collections, designs, customer service, and target audiences.

You need to know the Sri Lankan gold rate before you can buy gold jewelry online, invest in gold, or buy gold in a store.

Jewells Mark will provide all the information you need regarding rates.

Gold Carat Price in Sri Lanka

 This table shows the price per gram, per 10 grams, per Vori, per Aana, and per ounce.  

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Gold Measurements

In Sri Lanka, gold weight is also measured in grams, kilograms, and tolas.

• Pavan Gold is equivalent to 8 grams of gold. Pavan is also known as Poun.
• 1 Pavan = 8 grmas
• Approximately 11.6638038 grams of gold weigh one tola, 31.1034768 grams per ounce, and 1,000 grams per kilogram.
• 1 Tola = 11.66 grams
• 1 Ounce = 31.1034 grams
• 1 Kilograms = 1000 grams
• The weight of gold is measured in troy ounces (1 troy ounce = 31.1034768 grams), whereas its purity is measured in “carats”. The caratage of gold alloyed with other metals is the measure of purity.

The tools below allow you to convert gold weight between different units:-

Gold price in Sri Lanka | Calculator

From here, you can calculate the quantity of gold for any number of items

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Buying Gold in Sri Lanka

In Sri Lanka, as long as tourists return home with their ornaments at the end of their trip, gold and silver ornaments up to 50 g each can be brought into the country without paying any customs duty.

According to the Sri Lankan Ministry of Interior, gold jewelry should not be sold or bought without proper security and safety procedures in order to protect residents from fraud.

Gold Buying Tips

1. We can determine the purity of gold by measuring its weight in carats. Gold in 24kt form is 99.9% pure, whereas 22kt, 18kt, 14kt, etc. are progressively less pure.
2. Gold is one of the most expensive metals, so checking its purity before buying it is a big mistake.
3. Additionally, hallmarked jewellery can be used to identify purity.
4. It is important to make sure that you are buying gold with the appropriate weight before you pay.

Gold As Investment

Alternatively, gold mutual funds can be used by those who don’t want to invest in physical gold but would still like exposure.

In addition to gold coins and bars, gold bullions can also be purchased at your bank.

At gold shops, you can get gold bars and coins containing 24 karat gold. The purity of the gold can reach 999.9 sometimes.

Bullion weights in this range range from one gram to a kilogram.

Investors can choose either to hold gold coins and bars and profit from future gold price increases or to sell them to make a profit.

Who Decides Gold Rate In Sri Lanka

During the daily association meetings, gold rates were determined. The rates would be effective 24 hours a day throughout the country.

Association refers to the international market in accordance with Federation.

Prices for gold are set by a committee of internal and external members, a committee of oversight, and several banks who analyze supply and demand for gold futures derivatives markets to determine both the average spot price and the fixed price.

Gold Carats In Sri Lanka

Various carats and their respective Hallmark of Gold jewelry are as follows:

• Gold 24 Karat is 99.99% pure with Hallmark 999
•  Gold 22 Karat is 91.67% pure with Hallmark 916
•  Gold 20 Karat is 83.33% pure with Hallmark 833
•  Gold 18 Karat is 75.00% pure with Hallmark 750
•  Gold 16 Karat is 66.67% pure with Hallmark 667
•  Gold 14 Karat is 58.33% pure with Hallmark 583
•  Gold 12 Karat is 50.00% pure with Hallmark 500
•  Gold 10 Karat is 41.67% pure with Hallmark 417

24 Carat Gold

The purity of pure gold makes it a more expensive form of gold, which makes it a more attractive investment than other forms of gold when gold is sold with minimal or no depreciation.

Despite being a precious metal, gold is malleable when it is in its purest form (24 karats). It isn’t possible to make jewelry of different shapes or sizes if you create jewelry from its purest form.

23 Carat gold

At foreign jewelry shops, you can buy 23K gold necklaces, rings, earrings, and chains. There are many reasons people love 23K gold, including its beauty, durability, and long-term value. It is a great choice for women who want high-purity jewelry.

Marks on gold jewelry can be used to identify it. If the jewelry is under warranty you should be able to see the serial number 958 or 23k.

20 Carat Gold

Alloys containing 20K gold contain 83.3% pure gold and the remainder is composed of impurities. 20-karat gold and Hallmark 833 gold are both of the same value.

Chains, rings, or earrings made from 20-carat gold are among the items of antique jewelry that use the metal.

18 Carat Gold

Based on the impurities added to it, gold can have many different forms. The majority of gold grains are 18-carat and the remainder is impurities.

14 Carat Gold

One of the best everyday jewelry pieces is solid gold, such as 14k gold.

About 58% of the gold is usually present in an alloy made from 14k gold.

A stronger metal alloy is created by adding nickel, copper, and silver to 14k gold.

Historical Prices for All Gold Carats

Making accurate gold price predictions depends on studying historical gold prices 

DATE	24k Price (LKR)	22k Price (LKR)	21k Price (LKR)	18k Price (LKR)	14k Price (LKR)
26 November	20723.324	18994.884	18129.304	15537.574	12091.974
25 November	20814.614	19078.554	18209.164	15606.024	12145.244
24 November	20414.424	18711.744	17859.064	15305.974	11911.734
23 November	20435.834	18731.374	17877.804	15322.024	11924.224
22 November	20569.994	18854.334	17995.164	15422.614	12002.504
21 November	20731.264	19002.164	18136.254	15543.534	12096.604
20 November	20679.034	18954.284	18090.564	15504.364	12066.134
19 November	20679.034	18954.284	18090.564	15504.364	12066.134
18 November	20795.084	19060.654	18192.084	15591.384	12133.844
17 November	20918.484	19173.764	18300.034	15683.904	12205.844
16 November	21092.354	19333.134	18452.144	15814.254	12307.294
15 November	20769.444	19037.154	18169.654	15572.154	12118.884
14 November	20733.004	19003.754	18137.774	15544.834	12097.624
13 November	20749.244	19018.634	18151.974	15557.004	12107.094
12 November	20908.254	19164.384	18291.084	15676.224	12199.874
11 November	20329.074	18633.504	17784.404	15241.974	11861.924
10 November	20199.604	18514.844	17671.144	15144.914	11786.384
09 November	19957.044	18292.514	17458.944	14963.054	11644.854
08 November	19501.994	17875.414	17060.854	14621.864	11379.334
07 November	19336.144	17723.394	16915.764	14497.514	11282.564
06 November	19330.524	17718.244	16910.844	14493.304	11279.284
05 November	19703.564	18060.174	17237.194	14773.004	11496.954
04 November	19418.184	17798.604	16987.534	14559.034	11330.434
03 November	19442.634	17821.004	17008.924	14577.364	11344.704
02 November	19564.574	17932.774	17115.604	14668.794	11415.854
01 November	19348.944	17735.134	16926.964	14507.114	11290.034
31 October	19407.984	17789.254	16978.614	14551.384	11324.484
30 October	19420.994	17801.174	16989.994	14561.144	11332.074
29 October	19420.994	17801.174	16989.994	14561.144	11332.074

Gold Price in Other Countries

Check out gold price in other featured countries from the list below

Disclaimer:

The gold prices in the table reflect the international market value; they are subject to fluctuations on the Sri Lankan market. Although the frequency at which prices are updated varies between sources, most update every fifteen minutes.

Furthermore, you should verify the prices at certain physical stores.

JewellsMark does not take responsibility for gold prices on the international market.