The amounts obtained by Sri Lankans when they pawn their gold with banks and financial institutions have reduced due to the fall in gold prices in the world market. Hence, the Finance Ministry is reportedly preparing to introduce new regulations to enable those pawning their gold to obtain the maximum value.

A high official from the Finance Ministry told AdaderanaBiz that a circular regarding this issue is being prepared now.
It is revealed that the government is preparing to provide certain guarantees against the risks to banks and financial institutions in paying the maximum amount to those pawning their gold.

When the gold prices in the world market fell recently banks and financial institutions in Sri Lanka which had provided more loans against gold faced grave risks.