The Sri Lanka gold price today stood at Rs. 310,500 for 22 Carat 8 grams as of October 30, 2025, reflecting stability amid global fluctuations. Both 22K and 24K gold rates remain steady, signaling firm demand across the local market.
22 Carat gold price in Sri Lanka stays firm as global demand lifts rates
The Sri Lanka gold price remained resilient on Thursday, with 22 Carat 8 grams—commonly known as one pawn—priced at Rs. 310,500. According to market updates, the 24 Carat equivalent is trading at Rs. 338,700, marking continued strength in the precious metals sector as international prices hold steady.
Local jewellers and traders report a balanced market sentiment driven by consistent retail demand and a moderate rise in global spot prices. The stability in gold rates comes as investors seek safe-haven assets amid ongoing global economic uncertainty and currency fluctuations affecting major economies.
As of October 30, 2025, the updated gold rates across different purity levels are as follows:
| Gold Unit | Gold Price (Rs.) |
|---|---|
| Gold Ounce | 1,200,221.00 |
| 24 Carat 1 Gram | 42,340.00 |
| 24 Carat 8 Grams (1 Pawn) | 338,700.00 |
| 22 Carat 1 Gram | 38,820.00 |
| 22 Carat 8 Grams (1 Pawn) | 310,500.00 |
| 21 Carat 1 Gram | 37,050.00 |
| 21 Carat 8 Grams (1 Pawn) | 296,400.00 |
The latest data reveals that while 24K gold remains the preferred choice for investors and bullion traders, 22K gold continues to dominate the jewelry market due to its balance of purity, durability, and affordability. Retailers in Colombo, Kandy, and Galle report strong wedding-season demand, which has helped maintain price stability despite minor international headwinds.
Globally, gold prices have been influenced by a mix of monetary policy cues, geopolitical tensions, and fluctuating oil prices. Analysts suggest that Sri Lanka’s local gold rates are mirroring trends in the global bullion market, where the US dollar’s mild weakening and cautious investor sentiment are providing underlying support.
The Sri Lanka gold price has also been cushioned by the relatively stable exchange rate, as the rupee has shown signs of firmness against the US dollar in recent sessions. A stronger local currency helps moderate imported inflation, particularly in the precious metals segment, where international prices are dollar-denominated.
Traders note that even though spot prices remain steady, premiums in local markets vary slightly due to logistics, taxes, and retailer margins. The consistency of the 22K and 24K rates over the past few weeks indicates a balanced demand-supply equation, with no significant speculative movement.
Jewelry manufacturers and retail chains have observed increased inquiries for traditional designs ahead of the festive season, boosting local gold sales volumes. Despite global price volatility, the long-term sentiment around gold remains optimistic, with investors continuing to view it as a hedge against inflation and economic uncertainty.
Market watchers expect Sri Lanka’s gold prices to remain firm in the coming weeks, supported by seasonal buying trends, upcoming cultural festivals, and modest global price gains. Unless there is a sharp movement in international bullion prices or domestic currency fluctuations, 22K gold rates are expected to stay near current levels through early November.
As of now, the market outlook points toward a stable yet cautiously optimistic trajectory for the precious metal sector. Both traders and consumers appear confident that the Sri Lanka gold price will sustain its current momentum as 2025 draws to a close, offering both security and investment potential to buyers across the island.