Gold jewellery in Sri Lanka is priced by a simple formula: the weight of the item (in grams) multiplied by the day’s per-gram rate for that gold purity (karat), plus a making/wastage charge, plus VAT. Because the underlying gold rate moves every day with the global gold price and the US dollar–rupee exchange rate, the same chain can cost slightly more or less week to week.
How gold purity (karat) works
The karat (K) tells you how pure the gold is. In Sri Lanka, most jewellery is sold in 22K — stamped 916 — because pure gold is too soft to hold a design.
| Karat | Purity | Hallmark | Typical use |
|---|---|---|---|
| 24K | 99.9% pure | 999 | Coins, bars, investment gold |
| 22K | 91.6% pure | 916 | Most chains, bangles, traditional jewellery |
| 18K | 75% pure | 750 | Stone-set and modern designs |
| 9K | 37.5% pure | 375 | Budget and fashion pieces |
Higher karat means more pure gold, a richer yellow colour, and a higher price per gram — but softer metal. 22K is the Sri Lankan default for everyday and bridal gold; 18K is preferred when durable settings are needed for stones.
How a jeweller calculates the final price
The total you pay is built from three parts:
- Gold value = item weight (grams) × the day’s per-gram rate for that karat.
- Making (wastage) charges = a charge for crafting the design, usually a percentage of the gold value. Intricate, handmade, or branded designs cost more to make than plain pieces.
- VAT = 18% (the current standard rate in Sri Lanka), applied on the total.
Worked example (illustrative — always confirm the day’s rate): if the 22K (916) rate is R rupees per gram, a 10 g 22K gold chain costs roughly (10 × R) + making charges + 18% VAT. This is why two 10 g chains can have different prices: the gold value is the same, but the making charges differ by design and jeweller.
What makes the daily gold rate move
- Global gold price (quoted in US dollars per troy ounce).
- The USD–LKR exchange rate — a weaker rupee pushes local gold prices up even if global gold is flat.
- Local demand, which rises around festive and wedding seasons (April Avurudu, Deepavali, December).
Because of this, the per-gram rate is a moving number. Always ask for the current 22K and 24K rate on the day you buy, and get it in writing on your bill.
Typical gold jewellery and what affects each price
- Gold chains — priced mainly by weight; longer/thicker chains weigh more and cost more. (See gold chains on Kapruka.)
- Earrings & studs — light pieces; 22K studs are a popular gift. (See gold earrings on Kapruka.)
- Rings & bangles — making charges matter more here because of detailed work.
- Stone-set jewellery — the stone (diamond, gem) is priced separately from the gold.
Where to buy gold jewellery online in Sri Lanka
You can compare and order from Sri Lanka’s established jewellers in one place on Kapruka’s jewellery store, with islandwide delivery. Trusted names available online include:
When buying — online or in store — check for the 916 hallmark on 22K pieces, ask for the per-gram rate and making charge to be itemised on the bill, and confirm the buy-back/exchange policy.
Frequently asked questions
What is the gold price in Sri Lanka today?
The per-gram rate for 22K (916) and 24K gold changes every day with the global gold price and the rupee exchange rate. Check the current rate on Kapruka’s jewellery store or directly with the jeweller before you buy.
What is the difference between 22K and 24K gold?
24K is 99.9% pure gold (soft, used for coins and bars). 22K is 91.6% pure (stamped 916) and is the standard for Sri Lankan jewellery because it is durable enough to wear.
How is the price of a gold chain calculated in Sri Lanka?
Gold value (weight in grams × the day’s 22K rate) + making/wastage charges + 18% VAT. Weight is the biggest factor.
Is 22K or 24K better for jewellery?
22K is better for jewellery you wear — it holds its shape. 24K is better as an investment in pure gold rather than as a wearable piece.
Where can I buy gold jewellery online in Sri Lanka?
On Kapruka, where you can order from jewellers such as Vogue, Raja, Swarnamahal and Stone ‘N String with islandwide delivery.
Do you pay VAT on gold jewellery in Sri Lanka?
Yes — VAT (currently 18%) applies to gold jewellery purchases. Ask for it to be shown on your bill.