New Delhi : Gold has become very expensive in India. Today, buying gold jewellery is not easy for middle-class families, as one gram of gold costs around ₹7,000 to ₹8,000. But surprisingly, there is one country where gold is sold at a very low price — almost equal to the cost of a cup of coffee.
This country is Venezuela in South America. There, one gram of pure gold can be bought for around ₹180 in Indian money. This sounds unbelievable, but the reason behind it is serious and sad.Venezuela’s economy is in very bad condition. Its currency, called the Bolívar, has lost most of its value. Prices of daily items are very high, and people need bundles of notes to buy basic things, yet the money is almost worthless.
In the past, the Venezuelan government sold and sent large amounts of gold to other countries to pay debts and manage the crisis. Even though the country has plenty of natural wealth like gold, diamonds, and minerals, wrong policies and corruption damaged the economy badly.So, cheap gold in Venezuela is not a sign of richness. Instead, it shows how badly the economy has fallen and how hard life has become for common people.