Local gold price hits historic high after sharp rise in global rates

October 7, 2025 11:06 am

The price of gold has surpassed USD 3,950 per ounce for the first time in history, global market data indicates.

In response to the surge, gold prices in Sri Lanka have increased by approximately Rs. 8,000 compared to Saturday’s rates.

As of this morning (07), the price of a 22-carat gold sovereign in the Colombo Pettah market has risen to Rs. 290,500, up from Rs. 283,000 recorded on Saturday.

Meanwhile, the price of a 24-carat gold sovereign, which stood at Rs. 306,000 on Saturday, has now climbed to Rs. 314,000, according to traders at the Pettah market.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.