Wat Phrasrirattana Sasadaram (Wat Phra Kaeo), or 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 Phutthayotfa Chulalok King of the Chakri 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.