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

24 Carat Gold Price In Sri Lanka:
20168.461 (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)
19 March 2023	21369.122	19586.862	18694.332	16021.912	12469.032
18 March 2023	21593.442	19792.472	18890.572	16190.092	12599.912
17 March 2023	21204.922	19436.352	18550.692	15898.802	12373.212
16 March 2023	20738.142	19008.512	18142.342	15548.832	12100.862
15 March 2023	20755.342	19024.272	18157.382	15561.722	12110.892
14 March 2023	20129.492	18450.622	17609.872	15092.482	11745.712
13 March 2023	19499.582	17873.252	17058.812	14620.202	11378.162
12 March 2023	19439.642	17818.312	17006.382	14575.262	11343.192
11 March 2023	19434.172	17813.302	17001.592	14571.162	11340.002
10 March 2023	19098.602	17505.722	16708.032	14319.572	11144.202
9 March 2023	19251.112	17645.502	16841.442	14433.912	11233.182
8 March 2023	19133.812	17537.992	16738.832	14345.962	11164.742
7 March 2023	19750.172	18102.942	17278.042	14808.092	11524.382
6 March 2023	20212.892	18527.062	17682.832	15155.012	11794.372
5 March 2023	20259.182	18569.502	17723.332	15189.722	11821.392
4 March 2023	20259.182	18569.502	17723.332	15189.722	11821.392
3 March 2023	20483.482	18775.092	17919.552	15357.892	11952.262
2 March 2023	21158.132	19393.472	18509.752	15863.722	12345.912
1 March 2023	21368.552	19586.332	18693.832	16021.482	12468.692
28 February 2023	21135.782	19372.982	18490.202	15846.962	12332.872
27 February 2023	21264.082	19490.582	18602.442	15943.152	12407.732
26 February 2023	21250.112	19477.782	18590.222	15932.682	12399.582
25 February 2023	21270.212	19496.202	18607.802	15947.752	12411.312
24 February 2023	21422.412	19635.702	18740.952	16061.862	12500.122
23 February 2023	21476.912	19685.662	18788.632	16102.732	12531.922
22 February 2023	21576.962	19777.372	18876.162	16177.742	12590.302
21 February 2023	21413.002	19627.082	18732.722	16054.812	12494.632
20 February 2023	21542.982	19746.212	18846.422	16152.262	12570.472
19 February 2023	21450.952	19661.872	18765.922	16083.262	12516.772

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.