Gold prices in Sri Lanka have dropped by nearly Rs. 60,000 since last Friday (17), it was reported.
According to local gold merchants, a price drop of around Rs. 20,000 has been recorded today (22) alone.
The price of a 22-carat sovereign has dropped from Friday’s rate of Rs. 379,200 to Rs. 322,000 at the Colombo Pettah gold market.
Traders said a 24-carat sovereign has dropped from Rs. 410,000 to Rs. 350,000 during the same period. (Newswire)