Wat Phra Kaeo (Wat Phrasrirattana Sasadaram), or the Temple of the Emerald Buddha, situated within the Grand Palace, near Sanam Luang, is a sacred symbol of the Rattanakosin, or Bangkok, Dyansty and the most important temple in realm. It was built by King Rama I, the founder of the Chakri Dynasty, at the same time as the Grand Palace in 1782, when he established Bangkok as his capital, in order to serve as the palace chapel, in which traditional royal ceremonies would be conducted. It thus has a sanctuary for the performance of Buddhist rites, but no residences for monks. The temple is richly endowed with fine art and architecture. The Emerald Buddha image is enshrined in the phra ubosot, the exterior walls of which are covered with beautiful designs in gold leaf and glass, while the interior walls bear murals depicting the life of Buddha and other subjects.