The Sri Lanka gold price today recorded a notable increase, with 22-carat gold trading at Rs. 320,800 per 8 grams and 24-carat gold reaching Rs. 349,900, reflecting renewed investor interest and market confidence.
Sri Lanka gold price rises as 22 carat and 24 carat rates show upward momentum across the market.
Gold prices in Sri Lanka continued their upward trend on Friday, October 24, 2025, driven by global price movements and sustained local demand. Dealers reported that the Sri Lanka gold price today displayed strong momentum, maintaining investor confidence as both 22-carat and 24-carat rates climbed higher compared to previous sessions.
According to the latest market data, 22-carat gold, commonly used for jewelry and household ornaments, was priced at Rs. 320,800 for 8 grams (one pawn), while a single gram stood at Rs. 40,100. Meanwhile, 24-carat gold, known for its purity, was quoted at Rs. 349,900 for 8 grams and Rs. 43,740 per gram.
The rise in domestic gold prices is closely aligned with global market patterns. Internationally, gold prices have strengthened amid geopolitical tensions and fluctuating interest rate expectations in major economies. These factors have prompted investors to turn toward precious metals as a safer hedge against inflation and economic uncertainty.
Dealers in Colombo and Kandy noted that local buyers have shown increased interest in smaller gold quantities such as one-gram and two-gram bars, largely due to affordability concerns. Jewelers also reported higher footfall during the mid-October period, with customers purchasing gold for weddings and upcoming festive seasons.
In addition to the strong demand, a weakening Sri Lankan rupee against the US dollar has added further upward pressure on domestic gold prices. As importers purchase gold in foreign currency, any depreciation of the rupee tends to raise retail prices in local markets. Market analysts expect this trend to persist in the short term unless there is a significant shift in currency strength or global bullion prices.
Gold Price Summary – October 24, 2025
| Gold Unit | Gold Price (Rs.) |
|---|---|
| Gold Ounce | 1,239,883.00 |
| 24 Carat 1 Gram | 43,740.00 |
| 24 Carat 8 Grams (1 Pawn) | 349,900.00 |
| 22 Carat 1 Gram | 40,100.00 |
| 22 Carat 8 Grams (1 Pawn) | 320,800.00 |
| 21 Carat 1 Gram | 38,280.00 |
| 21 Carat 8 Grams (1 Pawn) | 306,200.00 |
The small variations between carat values highlight how purity levels influence pricing in Sri Lanka’s gold market. The higher the purity, the closer the price aligns with international spot rates. However, 22-carat gold remains the preferred choice among local consumers for its balance between purity and durability—especially in jewelry manufacturing.
Industry experts suggest that upcoming festive events and continued foreign exchange challenges could keep gold prices elevated in the coming weeks. A senior dealer commented that “consumer buying is stable, and as long as global markets remain uncertain, gold will retain its shine among local investors.”
The market’s focus now shifts to upcoming US economic data and policy statements from major central banks, which may influence gold’s international value. If the global price per ounce continues to climb, Sri Lanka’s domestic prices will likely follow suit.
As Sri Lanka navigates economic recovery and fluctuating inflation trends, gold continues to serve as both a cultural and financial anchor. With prices hovering near record highs, buyers are adopting cautious purchasing strategies, while long-term investors see the metal as a hedge against ongoing economic volatility.
For now, the Sri Lanka gold price today reflects both optimism and caution—offering traders, jewelers, and investors valuable insights into the country’s evolving financial landscape.