Gold prices in Sri Lanka showed moderate fluctuations during the week of May 26 to May 30, 2025, reflecting a mix of global price movements and local market conditions. Both 22-karat and 24-karat gold rates experienced slight variations over the five-day period, with minor increases early in the week followed by a soft decline toward the end.
Here’s a detailed breakdown of gold prices in Sri Lanka during the week:
| Date | 22K Gold (1g) | 22K Gold (8g – Sovereign) | 24K Gold (1g) | 24K Gold (8g) |
|---|---|---|---|---|
| May 26 | Rs. 31,956 | Rs. 255,650 | Rs. 35,480 | Rs. 283,850 |
| May 27 | Rs. 32,530 | Rs. 260,200 | Rs. 35,480 | Rs. 283,850 |
| May 28 | Rs. 32,140 | Rs. 257,150 | Rs. 35,060 | Rs. 280,500 |
| May 29 | Rs. 32,030 | Rs. 256,250 | Rs. 34,940 | Rs. 279,550 |
| May 30 | Rs. 32,030 | Rs. 256,250 | Rs. 34,940 | Rs. 279,550 |
Key Highlights:
- Early-week gain: On May 27, 22K gold reached a peak of Rs. 32,530 per gram—its highest for the week—likely supported by a slight uptick in global prices and increased local demand following the weekend.
- Stable finish: Prices held steady on May 29 and 30, with both 22K and 24K rates unchanged. This indicates a balanced market with no significant new pressures from currency fluctuations or global spot gold rates.
- Weekly trend: Overall, the week ended slightly lower than its mid-week peak, but with no drastic changes, suggesting market stability.
Gold continues to be a popular investment and cultural asset in Sri Lanka, with pricing influenced by both international gold trends and domestic economic factors, including the exchange rate and taxation policies.
Note: Rates are based on retail market prices and may vary slightly across different jewellers and regions in Sri Lanka.