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Gold Prices Over the Decades: What's the Real Story?

Looking at gold prices from the 1950s to 2023, you might think, "If only my grandparents had bought gold back then, we'd be rich today!"
But here's the catch: even when gold was "cheap," buying it wasn't easy.
Take 1995, for instance—10 grams of gold cost ₹4,650, while the average middle-class salary was ₹4,000-₹5,000 per month. Essentially, a month's salary was enough for just 10 grams of gold.
Fast forward to today, and it’s the same story. Despite higher prices, 10 grams of gold still costs around a month's salary for the average person.
The reality? It’s not the gold prices that have drastically changed—it’s the value of money that’s dropped over time. The situation then and now isn’t so different after all!