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Sri Lanka Plans Establishment of Gold Refinery, Official Confirms

by

Sienna De Silva
in ,

FINANCIAL CHRONICLE – Sri Lanka is planning to establish a gold refinery on the island, according to an official from the National Gem and Jewellery Authority. S P Chaminda, the CEO and Chairman of the NGJA, shared this development with reporters.

“We are considering setting up a gold refinery in the country,” Chaminda stated. “This initiative will allow us to supply gold to local craftspersons, allocate some to the central bank, and re-export the surplus.”

The move comes as global gold prices have experienced a significant increase, with an ounce currently valued at approximately 4,602 dollars. This rise is attributed to the growing demand for gold as a safe-haven asset amidst global uncertainty.

(Colombo/Jan19/2026)

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