The Sri Lanka gold price today stood strong at Rs. 320,800 for 22-carat 8 grams, reflecting stable market sentiment as global bullion prices hover near consistent weekly averages.
Sri Lanka gold price sees steady demand with 22-carat rate at Rs. 320,800
The Sri Lanka gold price today continued its steady trajectory on 23rd October 2025, with 22-carat 8 grams (one pawn) trading at Rs. 320,800, according to local jewellers and bullion market updates. This indicates a stable outlook amid mild fluctuations in international gold prices and consistent retail demand ahead of the festive season.
For consumers looking to purchase smaller quantities, the 22-carat one-gram gold rate was Rs. 40,100, while 24-carat gold—the purest form available in retail markets—was priced higher at Rs. 43,740 per gram. The 24-carat 8 grams (one pawn) rate reached Rs. 349,900, maintaining a narrow premium margin over 22-carat rates, a sign of steady trading conditions in the Sri Lankan bullion market.
Here is the detailed breakdown of current gold prices in Sri Lanka:
| Gold Unit | Gold Price (Rs.) |
|---|---|
| Gold Ounce | 1,239,883.00 |
| 24 Carat 1 Gram | 43,740.00 |
| 24 Carat 8 Grams (1 Pawn) | 349,900.00 |
| 22 Carat 1 Gram | 40,100.00 |
| 22 Carat 8 Grams (1 Pawn) | 320,800.00 |
| 21 Carat 1 Gram | 38,280.00 |
| 21 Carat 8 Grams (1 Pawn) | 306,200.00 |
Analysts said that Sri Lanka’s gold market has shown remarkable stability despite global uncertainty around US interest rates and energy prices. The steady Sri Lanka gold price indicates a balance between local retail demand and international supply, as jewellers maintain moderate inventory levels heading into the year-end period.
The international bullion market has witnessed mild corrections in recent sessions, but prices remain supported by safe-haven demand. The global gold ounce value currently translates to around Rs. 1.24 million, consistent with last week’s average. Dealers added that the rupee’s exchange rate stability has also cushioned domestic gold prices from larger swings.
Local jewellers in Colombo and Kandy report healthy retail footfall, driven by pre-festival purchases and investment buying. Despite economic challenges, many consumers continue to see gold as a reliable store of value, especially amid lingering inflation concerns. The stable trend also benefits gold loan and pawn industries, where predictable valuations support steady borrowing activities.
Financial experts believe that the Sri Lanka gold price could remain within a narrow range over the next few weeks, with international markets awaiting signals from the US Federal Reserve’s next rate meeting. If global inflation moderates, gold may trade sideways; however, any geopolitical tensions or currency volatility could push prices upward once again.
The difference between 22-carat and 24-carat gold continues to remain steady at around Rs. 3,600 per gram, reflecting global refining and purity premiums. The 21-carat gold rate also showed consistent levels at Rs. 38,280 per gram or Rs. 306,200 per 8 grams, appealing to middle-income buyers seeking affordability without compromising quality.
Meanwhile, industry insiders highlight that Sri Lanka’s jewellery sector is gradually recovering from last year’s slowdown. Improved consumer sentiment, better remittance inflows, and higher tourist activity have boosted disposable income, leading to a modest rebound in jewellery purchases.
Economists caution, however, that if the US dollar strengthens further, the Sri Lanka gold price could face mild upward adjustments due to imported cost factors. Gold remains an import-sensitive commodity, and domestic rates typically mirror international price movements coupled with currency fluctuations.
Looking forward, market watchers expect gold demand to strengthen during the wedding and festive months ahead, with prices likely to stay supported between Rs. 318,000–Rs. 325,000 for 22-carat 8 grams if global conditions remain stable. For investors, this presents a period of calm accumulation rather than speculative trading.
Overall, the Sri Lanka gold price today reflects a balanced market—steady, resilient, and aligned with international trends—offering both consumers and investors confidence in their gold-related decisions as 2025 draws to a close.