Who publishes Lanka Rate Board and how its figures are made

Lanka Rate Board is an independent editorial desk that publishes one measurement: the price of gold in Sri Lankan rupees per pawn of eight grams, taken from named public sources and republished with the date and hour it was read. This page explains who runs the desk, how the measurement is taken, why the hour is republished, how a correction reaches the desk, and the plain disclosure that the site earns a commission from one broker through an affiliate link.

The desk behind the figures

Lanka Rate Board is an independent editorial desk. It is not a broker, not an exchange, not a licensed adviser, and it holds no client money. The desk publishes one measurement: the price of gold in Sri Lankan rupees per pawn of eight grams, taken from named public sources and republished with the date and hour it was read. The sources are named under every table, with a link, so a reader can check the figure at its publisher.

The Central Bank of Sri Lanka publishes an indicative exchange rate, which is the average of the previous business day's interbank deals. The banks publish buy and sell quotes for the dollar, which are what a customer is offered. The distance between the buy and sell quotes is what a bank earns on the dollar. The desk reads these figures from the Central Bank's website and the banks' own pages, then calculates the gold price per pawn of eight grams using the international gold price in US dollars. The calculation is arithmetic only; the desk does not add a margin or a forecast.

How the measurement is taken

The desk takes the international gold price in US dollars from a named public source, and the Central Bank's indicative rate for the Sri Lankan rupee against the US dollar from the Central Bank's website. The gold price is converted to rupees per troy ounce, then divided by the number of pawns in a troy ounce to arrive at the price per pawn of eight grams. The pawn is a local unit of eight grams, used by jewellers and pawnbrokers in Sri Lanka.

The desk reads the sources at a fixed hour each business day, and the figure is published with that date and hour. The figure is a reference price, not an offer to buy or sell gold. Banks and jewellers will have their own buy and sell prices, which will differ from this reference. The desk does not publish those retail prices, because they are not published by named public sources. The desk publishes only what it can read and link to.

Why the hour is republished

The figure is republished with the hour it was read because the price of gold and the exchange rate move throughout the day. A reader who sees the figure later needs to know when it was true. The desk does not keep a running update; it takes one snapshot per business day, at the same hour, and that snapshot is what is published. The hour is part of the figure, not an afterthought.

If a reader checks the figure against the Central Bank's website or the gold price source, they will see the value at that hour. The desk cannot promise that the figure will still be accurate hours later, because the sources change. The desk can only promise that the figure was accurate at the hour it was read, from the sources named under the table. That is why the hour is repeated on every table and every page that shows a figure.

Responsibility and corrections

Responsibility for the figures sits with the publication's editorial desk: the Lanka Rate Board editorial desk. The desk reads the sources, checks the arithmetic, and publishes the figure. If a figure is wrong, the desk corrects it and dates the correction. Corrections are the reason the contact address exists. Writing to editor@lankarateboardlk.pages.dev reaches the desk, and a figure that is wrong is corrected and the correction is dated.

The desk does not answer questions about what a reader should do with the figure. The figure describes what gold costs in rupees per pawn, not what a reader should buy or sell. The desk cannot promise that the figure will match a bank's or jeweller's price, because those prices include margins, making charges, and other costs. The desk can only promise that the figure was read from the named sources at the stated hour.

Affiliate disclosure

Lanka Rate Board links to one broker, FxPro, through an affiliate link. If a reader opens an account at FxPro through that link, the site is paid a commission. The reader pays nothing to this site and nothing extra at the broker. This is the only way the site earns money. The site does not sell anything else, and it does not charge readers.

FxPro is a broker, operated by someone else, under its own terms and its own privacy policy. Following the link leaves this site. The desk does not control what happens on FxPro's site, and it does not recommend FxPro as an investment. The affiliate relationship does not change the figures on this site. The figures are taken from the named public sources, and the affiliate link does not influence the measurement.