Gold Price in Sri Lanka | Latest All Carat Rates – 2023

24 Carat Gold Price In Sri Lanka:
18312.499 (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)
29 May 2023	18633.697	17079.557	16301.277	13970.907	10872.777
28 May 2023	18609.237	17057.137	16279.877	13952.567	10858.507
27 May 2023	18609.237	17057.137	16279.877	13952.567	10858.507
26 May 2023	18950.387	17369.827	16578.317	14208.347	11057.567
25 May 2023	19132.027	17536.327	16737.227	14344.537	11163.547
24 May 2023	19382.837	17766.217	16956.637	14532.587	11309.897
23 May 2023	19311.457	17700.787	16894.197	14479.067	11268.247
22 May 2023	19456.357	17833.607	17020.957	14587.707	11352.797
21 May 2023	19458.017	17835.117	17022.407	14588.947	11353.757
20 May 2023	19512.087	17884.687	17069.717	14629.487	11385.317
19 May 2023	19463.217	17839.887	17026.957	14592.847	11356.797
18 May 2023	19383.147	17766.497	16956.907	14532.807	11310.077
17 May 2023	19882.777	18224.457	17393.997	14907.417	11601.607
16 May 2023	20285.097	18593.227	17745.957	15209.057	11836.357
15 May 2023	20421.817	18718.537	17865.567	15311.567	11916.127
14 May 2023	20220.667	18534.167	17689.597	15160.757	11798.767
13 May 2023	20299.987	18606.867	17758.987	15220.227	11845.047
12 May 2023	20191.037	18507.007	17663.677	15138.537	11781.477
11 May 2023	20613.597	18894.317	18033.337	15455.357	12028.027
10 May 2023	20799.137	19064.387	18195.647	15594.467	12136.297
9 May 2023	20875.187	19134.087	18262.177	15651.487	12180.667
8 May 2023	20830.597	19093.217	18223.177	15618.057	12154.647
7 May 2023	20746.607	19016.237	18149.697	15555.077	12105.637
6 May 2023	20746.607	19016.237	18149.697	15555.077	12105.637
5 May 2023	21120.837	19359.257	18477.077	15835.657	12323.997
4 May 2023	20945.997	19198.997	18324.137	15704.577	12221.987
3 May 2023	20442.627	18737.617	17883.767	15327.167	11928.277
2 May 2023	20361.467	18663.217	17812.767	15266.317	11880.917
1 May 2023	20401.857	18700.247	17848.107	15296.607	11904.487

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.