Do you Know how Much 10 gms Gold Used to Cost in 1959? Decades old Bill Takes Internet by Storm | Personal Finance News

New Delhi: The old gold bill of 1959 has gone viral on the Internet and made a lot of buzz among netizens. They have started comparing the rates of that time 1gm of gold to contemporary’s petrol and diesel and even choclates. Gold used to be way cheaper than today when inflation makes it manifold times pricer.

ALSO READ | Meet Jeff Bezos’s Girlfriend Lauren Sanchez Who Will Lead All-Women Crew Next Year to the Edge of Space on Blue Origin – PICS

The old picture of the gold bill of 1959 is reportedly belonged to a goldsmith of Maharshtra. The cost of 10 gms of gold was mentioned in the bill as Rs 113, which roughly infers the rate of one gram gold to mere Rs 10 rupees. In today’s times, some choclates are costlier than Rs 10 rupees.

ALSO READ | Elon Musk Tells How he Spends his All Day to Run 5 Companies; Netizens React

The bill, which is dated March 3, 1959, and belonged to a store in Maharashtra named Vaman Nimbaji Ashtekar, according to the viral image.

These times the cost of 10 gm of gold would amount around Rs 50000 which is remarkably very high. So 1 gm gold costs about Rs 5000. Netizens say that Rs 100 of that time is equiavalent to Rs 5000 of now.    

An IFS Officer Shares an old Wheat Bill

An IFS Officer Parveen Kaswan earlier shared an old Wheat bill when the grain used to cost about Rs 1.6 per kg. The viral bill belonged to 1987 when IFS officer’s grandfather sold wheat to food corporation of India. He further said that his grandfather had that habit of keeping all the records intact.

This Post is auto generated from rss feed if you got any error/complaint please contact us.

Thank You…

Related Articles

Back to top button

Adblock Detected

Please Disable Adblocker