Gold Price in Sri Lanka has reached Rs.340,200 for 22 Carat gold weighing 8 grams, or one pawn, as of October 5, 2026, while 24 Carat gold is priced at Rs.371,100 per pawn.
Gold Price remains elevated as 22 Carat and 24 Carat rates stay above Rs.300,000 per pawn
The latest rates show that gold continues to command a high value in Sri Lanka, with prices varying according to purity and weight. The figures provide a reference point for consumers, jewellery buyers and investors monitoring movements in the local gold market.
According to the latest available rates, 22 Carat gold is priced at Rs.42,530 per gram. This places the value of an 8-gram unit, commonly referred to as one pawn, at Rs.340,200. The rate makes 22 Carat gold one of the key benchmarks for consumers purchasing jewellery in the Sri Lankan market.
Meanwhile, 24 Carat gold, which has a higher level of purity, is priced at Rs.46,390 per gram. An 8-gram unit is valued at Rs.371,100. The difference between the 22 Carat and 24 Carat rates reflects the higher purity associated with 24 Carat gold.
The latest figures also show a price of Rs.40,600 per gram for 21 Carat gold. An 8-gram unit of 21 Carat gold is priced at Rs.324,750. This gives consumers several price points depending on the purity of gold they are considering.
| Gold Unit | Gold Price |
|---|---|
| Gold Ounce | Rs. 1,314,906.00 |
| 24 Carat 1 Gram | Rs. 46,390.00 |
| 24 Carat 8 Grams (1 Pawn) | Rs. 371,100.00 |
| 22 Carat 1 Gram | Rs. 42,530.00 |
| 22 Carat 8 Grams (1 Pawn) | Rs. 340,200.00 |
| 21 Carat 1 Gram | Rs. 40,600.00 |
| 21 Carat 8 Grams (1 Pawn) | Rs. 324,750.00 |
The quoted gold ounce price stands at Rs.1,314,906. This provides another reference for tracking the value of gold beyond the smaller units commonly used in the domestic jewellery market.
For buyers, the distinction between different grades of gold is particularly important. 22 Carat Gold is widely used in jewellery because it combines a high level of purity with greater durability than pure gold. 24 Carat Gold, meanwhile, represents a higher-purity form and is generally softer, making it less commonly used for some types of jewellery.
The current Gold Price also illustrates the substantial value attached to relatively small quantities of the precious metal. At Rs.340,200, an 8-gram 22 Carat unit represents a significant purchase for households, while the Rs.371,100 price for an equivalent 24 Carat unit highlights the premium associated with higher purity.
Gold prices can change over time in response to movements in international gold markets, currency exchange rates and local market conditions. The Sri Lankan rupee’s value against major currencies can also influence domestic gold pricing because international gold prices are generally referenced in US dollars.
For consumers, the published rates should therefore be viewed as market reference prices rather than necessarily representing the final amount payable for jewellery. Retail jewellery prices can differ depending on factors such as workmanship charges, design costs, taxes, retailer margins and other applicable charges.
The latest rates also underline the importance of comparing purity and weight when evaluating gold purchases. A direct comparison between a 22 Carat and 24 Carat item requires consideration not only of the headline price but also of the quantity of pure gold contained in each unit.
As of October 5, the market reference places 22 Carat gold at Rs.42,530 per gram and Rs.340,200 per 8 grams, while 24 Carat gold stands at Rs.46,390 per gram and Rs.371,100 per 8 grams. The 21 Carat rate is lower at Rs.40,600 per gram and Rs.324,750 per 8 grams.
For investors and consumers following the precious metals market, these rates offer a snapshot of gold valuations in Sri Lanka at the beginning of October. Future movements will depend on developments in global gold prices, currency markets and domestic market conditions.