Latest Gold Price
24.06.2016 – LKR 185933.7988 ( One Troy Ounce )
More about Gold price Sri Lanka
Gold is one of rare sources in the world and one of most valuable things in the society. The prices of Gold is also rapidly changing and that price changing mechanism is so complicated. And the gold jewellery prices are also changed with the price changes of gold relatively. Gold Price Sri Lanka is also getting rapidly changes and majority of jewellery makers highly concern about that. However, the central bank of Sri Lanka issuing “daily price changes of gold” and “gold price Sri Lanka” figures on their website. When you search in the internet, you can find various information about the gold price Sri Lanka, but the most trustworthy figures can be taken from the official web page of central bank of Sri Lanka.
Factors affected to Gold Price
When talking about these price changes of gold, there are some factors influence the spot price of gold. Production, central bank reserves, current events, market speculation, currency values, supply and demand and buying power are some of them. The central bank’s demand for the product could affect Gold markets immediately, if they make a large gold purchase. And also, if the “Dollar rate” will be strong, then it will influence to decline the gold price Sri Lanka. And if the economy will unstable and go down, then it will influence to increase the gold price. Because, most of people are thinking that gold a safe-haven for investments, comparing to other investments. And also, the demand for gold jewellery impacts to the gold price Sri Lanka, strongly. In 2014, 58% of Gold demand worldwide was from jewellery demands. And the gold supply is also highly influencing for this. At the end of 2014, statistically it has proved that there was at 183,600 tonnes of gold stocks above ground.
Gold price in world is directly influencing on the gold price Sri Lanka. Within last 05 years, the highest Gold ounce price was shown on September 05, 2011 and it was $1,905.10 USD. And the lowest gold ounce price was shown on December 21, 2005 and it was $492.80. However, the gold price Sri Lanka directly impacts to our day-to-day lives and it is essential to concern about its’ fluctuations to all of us including investors, gold jewellery makers and ordinary people.