The cost of a pound of 22-carat gold in Sri Lanka has risen to Rs.
235,500 today, according to traders, after the rates surged past the considerable USD 3,200 per ounce mark for the very first time in the world market.As of this morning (Apr 11), the price of a pound of 24-carat gold has actually likewise increased to Rs.
256,000, marking a substantial dive in the previous couple of days, traders at Sea Street said.Gold prices breached the key USD 3,200 level for the very first time today, fuelled by a weaker dollar and an intensifying trade war that sent investors hurrying toward safe-haven assets.Spot gold was up 1.4% at USD 3,217.78 an ounce since 0350 GMT.
Bullion scaled an all-time peak of USD 3,219.84 earlier in the session, and has gotten nearly 6% this week.U.S.
gold futures climbed up 1.9% to USD 3,237.50.
The dollar was down almost 1% against its major peers, making greenback-priced bullion more affordable for abroad buyers.Major stock indexes also fell after U.S.
President Donald Trump ratcheted up tariffs on Chinese imports to 145%, but struck a 90-day time out on previously revealed tariffs for lots of countries.China has actually been matching Trumps tariff hikes, sparking fears that Beijing could push responsibilities on the U.S.
beyond the present 84%.