The gold price in Sri Lanka continued its upward push on October 29, 2025, reflecting stronger global demand and local currency impacts. Retail jewellers report rising interest as investors look for safe-haven assets.
Gold price in Sri Lanka climbs as 22K and 24K rates continue upward momentum in local market.
The gold price in Sri Lanka advanced once again today, reinforcing the metal’s role as a dependable investment choice among both household buyers and seasoned market participants. According to market dealers, rising global uncertainty and pressured exchange rates continue to influence local gold valuations, leading to a gradual but steady increase in retail prices.
As of Wednesday, 22 carat 8 grams (commonly known as 1 pawn) is priced at Rs. 315,300. Buyers looking at smaller quantities can purchase 22 carat 1 gram gold for Rs. 39,410. Meanwhile, premium-grade 24 carat gold has recorded a notable jump, with 24 carat 8 grams priced at Rs. 343,900 and 1 gram at Rs. 42,990.
The following table presents today’s updated retail rates across the most popular gold units in the country.
Today’s Gold Rates – Sri Lanka (29 October 2025)
| Gold Unit | Gold Price |
|---|---|
| Gold Ounce | Rs. 1,218,507.00 |
| 24 Carat 1 Gram | Rs. 42,990.00 |
| 24 Carat 8 Grams (1 Pawn) | Rs. 343,900.00 |
| 22 Carat 1 Gram | Rs. 39,410.00 |
| 22 Carat 8 Grams (1 Pawn) | Rs. 315,300.00 |
| 21 Carat 1 Gram | Rs. 37,620.00 |
| 21 Carat 8 Grams (1 Pawn) | Rs. 300,950.00 |
Retailers say footfall has risen toward urban jewelry markets as wedding season approaches. Gold remains a cultural necessity in Sri Lanka, especially during celebrations and family ceremonies. Jewelers note that buyers are showing a strong preference for 22 carat gold ornaments, which strike a balance between purity, durability, and affordability.
Market analysts add that gold’s upward trajectory is partly tied to international market shifts. Low-interest environments, fluctuating global stock markets, and geopolitical tensions regularly push investors toward gold as a stable long-term hedge. The Sri Lankan market tends to mirror these patterns, adjusting prices according to global benchmarks converted through the domestic currency.
The rupee’s ongoing volatility continues to play a role in shaping overall gold costs. A weaker local currency makes gold imports more expensive, leading to price corrections upward even when global rates show moderate movement. Dealers emphasize that consistency in exchange rate performance is essential for maintaining predictable gold pricing in the retail sector.
Another major factor supporting demand is the rise of gold investment products among younger consumers. Financial planners are increasingly encouraging diversified portfolios, and physical gold remains popular due to its tangible and historical store of value. There is also a growing shift toward gold bars and coins, often purchased as secure assets during times of uncertainty.
The upcoming festive calendar in Sri Lanka is expected to further influence demand over the coming weeks. Retailers plan promotional campaigns focused on traditional jewelry sets, engagement rings, and modern lightweight collections that cater to changing fashion preferences. Consumers typically rush to secure better rates before potential hikes.
Analysts caution, however, that price trends can shift suddenly. Both international events and domestic monetary factors can drive gold to climb further or stabilize. The performance of the global bullion market over the next quarter will be crucial in determining how far the price movement extends.
While rising rates may pressure budget-conscious buyers, industry insiders say interest remains resilient. Many Sri Lankans consider gold not only an emotional purchase for family occasions but a financial safeguard that can be liquidated quickly if needed.
For now, the local market expectation leans toward continued firmness. As investors remain cautious, immigration flows and tourism earnings are monitored closely, since both affect the strength of the rupee. Reduced volatility in the currency could help slow future increases in gold pricing, although global markets might still push gains.
Regardless of direction, gold’s role remains timeless in Sri Lanka’s economic and cultural landscape. Whether as ornament, dowry, or investment instrument, it continues to shine as a trusted reserve of wealth for generations.