Gold prices in Sri Lanka have increased in line with a surge in global gold prices, traders said.
According to traders, the price of a gold sovereign (pavun) has risen by around Rs. 12,000 in recent days. A 24-carat gold sovereign is currently priced at Rs. 397,000, while a 22-carat gold sovereign is selling at Rs. 362,200.
In the global market, the price of gold has surpassed the USD 5,000 per ounce mark. Economic analysts predict that gold prices could rise further, potentially exceeding USD 5,500 per ounce by the end of the year. (Newswire)