Wat Phra Sri Rattana Satsadaram (Wat Phra Kaew), wat phra kaew the Temple of the Emerald Buddha, situated within the Grand Palace, near Sanam Luang, is a sacred symbol of the Rattanakosin, or Bangkok was built by Phra Phutthabat Chulaloke King Rama 1 Built in 1782, in order to serve as the palace chapel, in which traditional royal ceremonies would be conducted. thus has a sanctuary for the performance of Buddhist rites, but no residences for monks