Gold Price in Sri Lanka stood at Rs. 345,950 for 22 Carat 8 grams, or one pawn, on September 2, 2026, while the 24 Carat equivalent was priced at Rs. 377,350.
Gold Price remains closely watched as 22 Carat and 24 Carat rates are updated
Gold prices remain an important reference point for Sri Lankan consumers, investors and jewellery buyers, particularly as movements in international bullion markets and the local currency can influence domestic rates. The latest figures show a notable difference between prices for different levels of gold purity.
According to the latest daily rates, 22 Carat Gold was priced at Rs. 43,240 per gram, putting the price of 8 grams, commonly referred to as one pawn, at Rs. 345,950. The corresponding 24 Carat Gold rate was higher at Rs. 47,170 per gram, or Rs. 377,350 for 8 grams.
The figures provide consumers with a useful benchmark when assessing the cost of gold jewellery and other purchases. The difference between the 22 Carat and 24 Carat rates primarily reflects the higher purity of 24 Carat gold, which contains a greater proportion of gold compared with alloys used in lower-purity forms.
The latest Gold Price data also shows that the rate varies significantly depending on the unit and purity selected. An ounce of gold was listed at Rs. 1,337,158, while the 21 Carat rate stood at Rs. 41,280 per gram. For 8 grams, 21 Carat Gold was priced at Rs. 330,200.
For jewellery buyers, the 22 Carat rate is particularly relevant because 22 Carat gold is widely used in jewellery manufacturing due to its combination of relatively high gold purity and greater durability compared with 24 Carat gold.
At Rs. 345,950 for one pawn, the 22 Carat rate provides an important reference for customers considering jewellery purchases. However, the final price paid at a jewellery shop can differ from the published gold rate because of factors such as workmanship charges, design costs, taxes and retailer-specific pricing.
Similarly, customers purchasing 24 Carat gold should distinguish between the quoted market rate and the final transaction value. Pure gold products may be priced differently depending on the form in which the gold is purchased and the applicable charges.
The movement of the Sri Lankan rupee against major currencies is another factor that can influence domestic gold prices. Since gold is internationally traded in US dollars, changes in the exchange rate can affect the rupee value of imported bullion even when international gold prices remain relatively stable.
International bullion prices therefore remain an important external influence on the local market. When global gold prices rise, domestic rates can come under upward pressure, while a strengthening rupee can partly offset the impact of higher international prices. The opposite can occur when the local currency weakens.
Gold also occupies a distinctive position in Sri Lanka’s household and investment landscape. In addition to jewellery, some consumers view the precious metal as a store of value and a way of preserving wealth during periods of economic or financial uncertainty.
For investors, however, the daily quoted rate is only one part of the equation. Transaction costs, differences between buying and selling prices, storage considerations and the form of gold being purchased can all affect the eventual return on an investment.
The latest rates also highlight the price gap between the three commonly referenced purity levels. At Rs. 43,240 per gram, 22 Carat Gold is priced below 24 Carat gold at Rs. 47,170 per gram, while 21 Carat gold is lower at Rs. 41,280 per gram.
For an 8-gram purchase, the difference is more pronounced. The 24 Carat rate of Rs. 377,350 is Rs. 31,400 higher than the 22 Carat rate of Rs. 345,950. Meanwhile, the 21 Carat rate of Rs. 330,200 is Rs. 15,750 below the 22 Carat price.
These differences are important for consumers comparing jewellery options or assessing the value of existing gold holdings. Purity, weight and the prevailing market rate should all be considered before making a purchase or sale.
The latest Gold Price update therefore provides a snapshot of the Sri Lankan gold market on September 2, 2026. With international gold prices, exchange-rate movements and local market conditions continuing to influence domestic rates, consumers and investors are likely to remain attentive to daily changes in the value of the precious metal.