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

24 Carat Gold Price In Sri Lanka:
0.57 (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)
8 December 2023	21333.803	19554.483	18663.423	15995.403	12448.373
7 December 2023	21301.853	19525.193	18635.473	15971.443	12429.733
6 December 2023	21365.023	19583.103	18690.743	16018.813	12466.593
5 December 2023	21507.843	19714.003	18815.683	16125.893	12549.923
4 December 2023	22040.833	20202.533	19281.953	16525.503	12860.923
3 December 2023	21860.263	20037.033	19123.983	16390.123	12755.563
2 December 2023	21861.193	20037.883	19124.803	16390.823	12756.103
1 December 2023	21552.583	19755.013	18854.813	16159.433	12576.033
30 November 2023	21693.383	19884.063	18977.993	16265.003	12658.183
29 November 2023	21601.503	19799.853	18897.613	16196.113	12604.573
28 November 2023	21335.633	19556.153	18665.023	15996.773	12449.443
27 November 2023	21197.213	19429.283	18543.933	15892.993	12368.673
26 November 2023	21105.293	19345.033	18463.523	15824.083	12315.043
25 November 2023	21161.353	19396.413	18512.563	15866.113	12347.753
24 November 2023	21083.263	19324.833	18444.243	15807.553	12302.183
23 November 2023	21110.263	19349.583	18467.863	15827.803	12317.943
22 November 2023	21182.053	19415.393	18530.673	15881.633	12359.833
21 November 2023	20932.993	19187.103	18312.783	15694.893	12214.503
20 November 2023	20806.033	19070.723	18201.713	15599.703	12140.423
19 November 2023	20784.893	19051.353	18183.223	15583.853	12128.093
18 November 2023	20784.893	19051.353	18183.223	15583.853	12128.093
17 November 2023	20938.483	19192.133	18317.583	15699.003	12217.713
16 November 2023	20773.673	19041.073	18173.413	15575.443	12121.543
15 November 2023	20465.423	18758.533	17903.743	15344.333	11941.683
14 November 2023	20435.853	18731.423	17877.883	15322.163	11924.433
13 November 2023	20391.423	18690.703	17839.013	15288.843	11898.513
12 November 2023	20336.523	18640.383	17790.983	15247.683	11866.473
11 November 2023	20405.383	18703.493	17851.223	15299.313	11906.653
10 November 2023	20640.653	18919.143	18057.033	15475.703	12043.933

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.