Sri Lanka Gold Prices Surge, 24K Sovereign Exceeds Rs. 400,000

Gold prices in Sri Lanka have experienced a significant upward trend, with market data indicating an increase of approximately Rs. 4,000 in recent days. As of April 15, 2026, a 24-carat gold sovereign is priced at Rs. 402,000, up from Rs. 398,000 recorded on Saturday. Similarly, a 22-carat gold sovereign has risen to Rs. 369,900 from Rs. 366,200 on April 11. This surge is attributed to factors such as rising global gold prices and the depreciation of the Sri Lankan Rupee, according to industry sources including the All Ceylon Jewellers Association and traders in Colombo's Pettah Sea Street market. The continuous rise in gold prices is expected to directly impact the cost of gold jewelry in the local market.