Gold Price in Sri Lanka remained elevated on 24 August 2026, with 22 Carat gold priced at Rs. 363,750 for 8 grams, while 24 Carat gold reached Rs. 396,750 per pawn.
Gold Price in Sri Lanka remains elevated as 24 Carat reaches Rs. 396,750 per pawn
Gold prices continue to attract close attention from consumers, investors and jewellery buyers as precious metals remain an important store of value in Sri Lanka. The latest rates show a clear difference between prices across gold purity levels, with 24 Carat gold commanding the highest price per gram.
According to the latest gold price table for 24 August 2026, 22 Carat gold was priced at Rs. 45,470 per gram. Based on the standard 8-gram unit, commonly referred to as one pawn, the price stood at Rs. 363,750.
The Gold Price in Sri Lanka for 24 Carat gold was higher, at Rs. 49,600 per gram. An 8-gram quantity of 24 Carat gold was priced at Rs. 396,750, making it Rs. 33,000 more expensive than the corresponding 22 Carat unit.
The price difference reflects the higher purity of 24 Carat gold. While 24 Carat gold is generally considered close to pure gold, 22 Carat gold contains a smaller proportion of other metals, making it more commonly used in jewellery because of its greater durability.
| Gold Unit | Gold Price |
|---|---|
| Gold Ounce | Rs. 1,405,896.00 |
| 24 Carat 1 Gram | Rs. 49,600.00 |
| 24 Carat 8 Grams (1 Pawn) | Rs. 396,750.00 |
| 22 Carat 1 Gram | Rs. 45,470.00 |
| 22 Carat 8 Grams (1 Pawn) | Rs. 363,750.00 |
| 21 Carat 1 Gram | Rs. 43,400.00 |
| 21 Carat 8 Grams (1 Pawn) | Rs. 347,200.00 |
The latest figures also show that 21 Carat gold was priced at Rs. 43,400 per gram. For an 8-gram quantity, the price was Rs. 347,200. This places the 21 Carat rate Rs. 16,550 below the price of 22 Carat gold for the same 8-gram quantity.
At the top of the table, the price of a gold ounce stood at Rs. 1,405,896. An ounce is a larger international unit used extensively in precious-metal markets, and its local-currency value provides an indication of the underlying value of gold before considering factors such as jewellery-making costs, retailer margins and other charges.
For consumers, the distinction between the quoted Gold Price in Sri Lanka and the final retail price of jewellery is important. Jewellery shops may charge additional amounts for workmanship, design, wastage, making charges and other applicable costs. Consequently, the amount paid by a customer for a finished gold item can differ significantly from the basic market value of the gold content.
Gold also remains an important asset in Sri Lanka because it can serve both cultural and financial purposes. Jewellery is widely purchased for weddings, religious occasions and family events, while gold is also viewed by many households as a form of savings that can retain value over long periods.
Changes in international gold prices, the Sri Lankan rupee’s exchange rate and global investor sentiment can all influence domestic gold prices. Since gold is internationally priced in US dollars, movements in the local currency can affect the rupee value of imported precious metals even when global gold prices remain relatively stable.
The latest gold rates therefore provide a useful reference point for consumers considering purchases or monitoring the value of existing gold holdings. However, buyers should compare the quoted gold rate with the final price offered by individual jewellers before making a purchase.
For investors, the price of gold should also be considered alongside other asset classes and broader economic conditions rather than viewed solely as a short-term trading opportunity. Gold can provide diversification, but its price can fluctuate in response to global interest rates, geopolitical developments, currency movements and changes in investor demand.
As of August 24, the 22 Carat rate of Rs. 363,750 for 8 grams remains the key reference price for consumers looking at commonly used jewellery-grade gold. The 24 Carat rate of Rs. 396,750 per pawn provides a higher-purity benchmark, while the 21 Carat price of Rs. 347,200 offers a lower-cost alternative.
For anyone tracking the Gold Price in Sri Lanka, these differences in purity and unit pricing are essential when comparing offers and assessing the value of a potential purchase.