Sri Lanka gold sales fall after tax

Wednesday, 10 July 2013 - 11:15



Gold purchases from dealers in Sri Lanka slowed after a 10 percent tax was imposed, despite prices falling further.

Yetsreday a gold sovereign, the most popular benchmark price was quoted around 40 thousand 500 rupees for a 22 carats and 44 thousand rupees for 24 carats, in the trade, after falling from highs of 54 thousand in March.

At retail level sovereigns were quoted as much as 45 thousand rupees per coin.