Colombo [Sri Lanka], April 9, (ANI): Owing to the severe ongoing economic crisis in Sri Lanka, people are forced to sell their gold ornaments, and jewelry to buy daily use items and to pay their ...

Sri Lanka has directed its custom department to take stringent measures to stop gold smuggling into the country by airline passengers in a bid to prevent the illegal business of the yellow metal ...

COLOMBO, June 22: Sri Lanka has announced a 10 per cent tax on gold imports in what observers said was a bid to curb smuggling to India as global markets trading in the precious metal reported ...

Sri Lanka has also seen a surge in gold pawning, a popular method of borrowing against the metal, and commercial banks’ exposure to this grew 20% to around Rs33,940 crore ($2.64 billion) in 2012 ...