The fortunes of two brothers from Maharashtra's Palghar district changed on Sunday when they sold a fish for whopping Rs 5.5 lakh during an auction.

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Mahesh Meher and his brother Bharat had netted a 30kg ghol fish on Friday which catching pomfret and other varieties, reported Times of India.

According to the report, the ghol (black-spotted croaker) comes in various grades and is known as 'the fish with a heart of gold'.

The high-grade fish is usually exported to Singapore, Malaysia, Indonesia, Hong Kong and Japan as it is valued in East Asia for the medicinal properties of its internal organs. It is also used in the manufacture of functional food and cosmetic products.

"Even a low-grade fish fetches Rs 800-1.000 a kg," said Utan fisherman Malcolm Kasugar.

"Every fisherman hopes to get lucky with a ghol when he ventures into the sea as catching one is like winning the marine lottery," Mahesh said.