Gold Price Breaks Rs. 400,000 Barrier in Sri Lanka for First Time
For the first time in Sri Lanka’s market history, the price of a sovereign of 24-carat gold has surpassed Rs. 400,000.
Gold is shining brighter than ever. On Friday (17), the price reached Rs. 410,000/-.
On October 16, 2025, gold futures surged past $4,250 per ounce, pushing the market capitalization up by an astonishing $300 billion overnight.
Globally, investors are turning to gold as a safe-haven amid growing economic uncertainty, a weakening dollar, inflation fears, and expectations of U.S. Federal Reserve rate cuts. This historic rally highlights the precious metal’s enduring appeal during times of market volatility.
Local News
Sri Lanka Embraces Tech For Sustainable Shrimp Farming
14 November 2025
Sri Lanka's Election Commission Gets New Chief
14 November 2025
National Geographic Reveals Sri Lanka’s Hidden Brew Paradise
13 November 2025
Report on Repealing PTA Handed to Justice Minister
13 November 2025
Road Safety Council Reports Increase in Road Accidents for 2025
13 November 2025
Trending News
SIMs to be deactivated on unregistered new mobile devices from tomorrow
30 September 2020
Popular actress Sureni Senarath passes away
26 May 2021
CSE ASPI touch all-time high of 10,037.61
27 October 2021
