Gold prices in Sri Lanka have seen a significant drop, reflecting the broader downturn in the global market. For the first time in several weeks, the price of a 22-carat gold sovereign has fallen below Rs. 300,000, now trading at around Rs. 298,000 in Colombo’s Pettah gold market. This represents a steep decline of Rs. 81,200 from the price of Rs. 379,200 recorded on October 17. Similarly, the price of a 24-carat gold sovereign has fallen from Rs. 410,000 to Rs. 322,000, marking one of the sharpest corrections in recent months.
Gold Prices in Sri Lanka Plunge Sharply Amid Global Market Decline
