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, 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.
While legend traces this statue to India, its rich historical records dates its finding in Cambodia in the 15th century, moved to Laos in the 16th century and then to Vientiane where it remained for 215 years, and finally to Thailand in the 18th century. Considering the long history and Nagasena's (a Brahmin who became a Buddhist sage and lived about 150 BC) prophesy that the Emerald Buddha would bring "prosperity and pre-eminence to each country in which it resides", the Emerald Buddha deified in the Wat Phra Kaew is deeply revered and venerated in Thailand as the protector of the country.