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Gold prices drop, merchants say

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Colombo (LNW): The gold prices have dropped in response to the recent appreciation of the Sri Lanka Rupee against the US Dollar, local merchants revealed. Accordingly, the price of a 22-karat gold sovereign has dropped to Rs. 145,000 in the local market. A 24-karat sovereign is sold for between Rs. 150,000 and Rs. 155,000, according to merchants.
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