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

24 Carat Gold Price In Sri Lanka:
19973.458 (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.

Prices for Gold Carats

 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)
05 October	19712.244	18068.124	17244.774	14779.474	11501.964
04 October	19580.654	17947.504	17129.654	14680.814	11425.184
03 October	19545.984	17915.724	17099.324	14654.824	11404.954
02 October	19528.454	17899.664	17083.984	14641.674	11394.724
01 October	19528.454	17899.664	17083.984	14641.674	11394.724
29 September	19374.654	17758.684	16949.434	14526.364	11304.984
28 September	19088.014	17495.954	16698.674	14311.454	11137.734
27 September	19028.734	17441.614	16646.814	14267.004	11103.144
26 September	19293.934	17684.704	16878.824	14465.844	11257.884
25 September	19149.324	17552.144	16752.314	14357.414	11173.504
24 September	19015.004	17429.034	16634.814	14256.714	11095.134
23 September	19649.114	18010.254	17189.544	14732.144	11465.134
22 September	19371.684	17755.964	16946.844	14524.144	11303.254
21 September	19809.664	18157.414	17329.994	14852.514	11558.804
20 September	19293.204	17684.034	16878.184	14465.294	11257.464
19 September	19092.364	17499.944	16702.484	14314.714	11140.274
18 September	19163.124	17564.804	16764.384	14367.764	11181.554
17 September	19342.394	17729.114	16921.214	14502.174	11286.154
16 September	19212.354	17609.924	16807.454	14404.674	11210.284
15 September	19872.514	18215.024	17384.974	14899.634	11595.484
14 September	20010.284	18341.294	17505.494	15002.934	11675.864
13 September	20048.614	18376.434	17539.034	15031.674	11698.234
12 September	19829.854	18175.924	17347.664	14867.654	11570.594
11 September	19725.534	18080.304	17256.394	14789.434	11509.714
10 September	19898.754	18239.074	17407.934	14919.314	11610.794
09 September	19859.614	18203.204	17373.694	14889.964	11587.954
08 September	19673.874	18032.944	17211.204	14750.704	11479.574
07 September	19675.274	18034.234	17212.434	14751.764	11480.394
06 September	19743.864	18097.104	17272.434	14803.184	11520.414

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.