Gold Price in Sri Lanka remains elevated on 28 August 2026, with the price of 22 Carat gold at Rs. 359,850 for 8 grams, while 24 Carat gold is priced at Rs. 392,550 for the same weight.
Gold Price in Sri Lanka remains elevated as 22 Carat and 24 Carat rates are updated
The latest rates show that buyers looking to purchase gold in Sri Lanka are facing a significant price difference depending on purity and weight. The most commonly referenced 22 Carat 8-gram unit, also known as one pawn, is priced at Rs. 359,850, while a single gram of 22 Carat gold costs Rs. 44,990.
For investors and consumers tracking the local precious metals market, the daily Gold Price provides an important reference point when considering purchases, savings and investment decisions. Gold is traditionally viewed as a store of value, particularly during periods of economic uncertainty and currency volatility.
According to the latest rate information for 28 August, 24 Carat gold is priced at Rs. 49,070 per gram. For an 8-gram unit, the rate rises to Rs. 392,550.
The premium attached to 24 Carat gold reflects its higher purity compared with 22 Carat gold. While 24 Carat represents a higher-purity form of gold, 22 Carat gold is widely used for jewellery because it combines a high gold content with greater durability.
The difference is also visible in the price of the standard 8-gram unit. At Rs. 359,850, 22 Carat gold is Rs. 32,700 cheaper than the corresponding 24 Carat unit priced at Rs. 392,550.
The latest rates also provide a useful comparison across different gold purities. A 21 Carat gold gram is priced at Rs. 42,940, while the 8-gram price stands at Rs. 343,500.
| Gold Unit | Gold Price |
|---|---|
| Gold Ounce | Rs. 1,390,975.00 |
| 24 Carat 1 Gram | Rs. 49,070.00 |
| 24 Carat 8 Grams (1 Pawn) | Rs. 392,550.00 |
| 22 Carat 1 Gram | Rs. 44,990.00 |
| 22 Carat 8 Grams (1 Pawn) | Rs. 359,850.00 |
| 21 Carat 1 Gram | Rs. 42,940.00 |
| 21 Carat 8 Grams (1 Pawn) | Rs. 343,500.00 |
At the higher end of the market, a gold ounce is valued at Rs. 1,390,975 according to the quoted rates. The ounce figure provides an international-standard unit for comparing gold prices, although jewellery purchases in Sri Lanka are more commonly discussed using grams and pawns.
The distinction between the quoted gold rate and the final price paid by a jewellery customer is also important. Retail jewellery prices can vary depending on factors such as workmanship, design, making charges, taxes, dealer margins and other transaction costs. Consequently, the published rate should generally be treated as a market reference rather than necessarily the final retail price of a finished jewellery item.
For consumers, the choice between 22 Carat Gold and 24 Carat gold largely depends on the purpose of the purchase. Investors seeking higher purity may prefer 24 Carat gold, while jewellery buyers frequently consider 22 Carat products because of their combination of purity and physical strength.
The current pricing also highlights the substantial amount of capital required to purchase even a relatively small quantity of precious metal. At Rs. 359,850, one pawn of 22 Carat gold represents a sizeable purchase for households, making daily price movements increasingly relevant to consumers planning weddings, jewellery purchases or longer-term savings.
Gold also occupies a distinctive position in Sri Lanka’s financial landscape. Unlike conventional financial assets, physical gold can be held directly by individuals and has traditionally served as a form of wealth preservation. However, its market value can fluctuate, and buyers should consider the difference between the quoted gold price and the amount they may ultimately receive when selling jewellery or bullion.
The latest Gold Price figures therefore offer a snapshot of the precious metals market on 28 August 2026. With 22 Carat gold at Rs. 359,850 per pawn and 24 Carat gold at Rs. 392,550, both consumers and investors have a clear reference point for assessing the cost of gold in the Sri Lankan market.
As international gold prices, exchange rates and domestic market conditions continue to influence local pricing, gold buyers will remain attentive to daily changes. For anyone considering a purchase, comparing purity, weight, dealer pricing and additional charges remains essential before completing a transaction.