Gold has always been a part of Indian tradition. From monuments to earrings, Indians have a history of using their surplus resource of precious metal to embellish their possessions.
Picture Of 1959 Gold Bill Takes The Internet By Storm
As it turns out, back in the 1950s, gold used to be way cheaper than its mounting price today. An image of a bill from a goldsmith from the 1950s is going around the internet and has shocked many with its meagre price tags for gold, given the economy we live in today.
These days, if a person wants to buy a few chunks of gold, they are sure to worry about it weighing down their pockets. The precious metal is also considered an asset, as people collect gold as an investment. However, this was not the case; the image of the bill that went viral shows how gold could once be purchased for the price of a Silk chocolate bar.
As Per The Viral Bill, 1 Gram Of Gold Costed Only 10 Bucks Back In The Day
Yes, you heard that right! Yes, you heard that right! The bill showcases the price of gold and silver in the state of Maharashtra in 1959. The cost of one tola, or 11.66g of gold, was listed in the bill as Rs 113. According to the numbers and calculations, 1g of gold used to cost around Rs 10 on an old-school bill.With a ten-rupee note, you can only get a small packet of chocolate today.
In comparison to previous low prices, gold now costs Rs 5,270. If we were to use the same money as the cost of one gram of gold to buy it back in the 1950s, then we would have over 533g of gold in our safes. If gold prices keep on climbing, then one of our own bills might be a shocker to the younger generations in the future.
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