The global price of gold has surged to an all-time high, with the price of an ounce reaching USD 3,345 as of today (17).
Indika Bandara, Assistant Director of the Precious Metals Analysis Bureau at the National Gem and Jewellery Authority, attributed the spike to several global economic factors, including a weakening US dollar, increased investor demand for safe-haven assets, and escalating trade tensions between the United States and China. He also noted that a recent tariff announcement by former US President Donald Trump further contributed to the price surge.
Reflecting the global trend, gold prices in Sri Lanka have also hit record highs. According to GOLD Ceylon Gold News Network, the Sea Street gold market recorded the following prices this morning:
- 22K gold: Rs. 242,000 per pound
- 24K gold: Rs. 262,000 per pound
This marks a notable increase from yesterday (16), when the prices stood at Rs. 238,300 for 22K and Rs. 259,000 for 24K gold.
The continued rise in gold prices highlights the growing global economic uncertainty and shifting investor behavior toward more stable assets.
(dailynews.lk)
(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)
