Gold prices in Sri Lanka have reached a record high today, in line with the increase in global gold prices.
According to GOLDCeylon Gold News Network, which publishes reliable information on daily gold prices in Sri Lanka, the prices of 22-carat and 24-carat gold in the local market have reached historical highs, as of this morning.
The price of a sovereign of 22-carat gold in the local market has reached Rs. 242,000 from yesterday’s price of Rs. 238,300.
The price of a sovereign of 24-carat gold has reached Rs. 262,000 from yesterday’s price of Rs. 259,000.
Commenting on the price increase, the Assistant Director of the Precious Metals Analysis Bureau of Sri Lanka’s National Gem and Jewellery Authority, Indika Bandara, said that the price of gold in the global market has reached a new high with the recent tariffs announced by US President Donald Trump.
He further stated that the factors influencing the rise in global gold prices include the decline in the value of the US Dollar, investors turning to gold as a safe haven, and the escalating trade war between the US and China. (Newswire)
