Gold prices in Sri Lanka have dropped significantly, with a decrease of approximately Rs. 6,000, according to the latest data from the Colombo Gold Centre.
As of yesterday (14th of May), the price of a pound of 22-carat gold has fallen to Rs. 240,500, compared to Rs. 246,000 recorded last Saturday (10th of May).
Similarly, the price of a pound of 24-carat gold, which was Rs. 266,000 on Saturday, has decreased to Rs. 260,000 today.
Market sources attribute the decline to fluctuations in global gold prices and changes in local demand.
