At the Pettah Sea Street Gold Market, the price of a 22-carat gold sovereign rose to Rs. 369,900 this morning (April 15), compared to Rs. 366,200 on April 11. This reflects a steady climb in demand and market value within a short period.
Similarly, traders reported that the price of a 24-carat gold sovereign has also increased. Prices moved up from Rs. 398,000 last Saturday to Rs. 402,000 today, marking a significant gain in just a few days.
Market analysts attribute this upward trend to a combination of global gold price movements and local currency fluctuations. Gold continues to be viewed as a safe-haven asset, particularly during periods of economic uncertainty, which may be contributing to the rising demand.
Traders in the local market note that if current global trends persist, gold prices in Sri Lanka could continue to fluctuate in the coming weeks.
