Secretary of the All Ceylon Jewellery Shop Owners Association - Raman Subramaniam, stated that jewellery sales have declined by up to 25% due to the increase in gold prices in the local market compared to global rates.
The price of a 24-carat gold sovereign in the local jewellery market was recorded at Rs. 405,000 yesterday (April 08), reflecting an increase of Rs. 7,000 compared to the previous day (April 07).
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