COLOMBO (NewsRadio); The prices of gold and gold jewelry have come down considerably in the local market once again.
Traders at Sea Street in Colombo attribute the price reduction to the appreciation of the Sri Lankan Rupee against the US Dollar and a drop in rates in the work market.
Accordingly, a 22-karat gold sovereign is being priced at Rs. 145,000 today.
Furthermore, a 24-karat gold sovereign is sold for between Rs. 150,000 and Rs. 155,000 in the local market.
The price of gold has come down considerably in the local market from the rates quoted in the early part of the year.
