Government Denies Plans to Monetize Temple Gold Reserves

The government on Tuesday dismissed rumours suggesting that it is planning to monetise gold held by temples and religious institutions across the country. The clarification came after several social media posts and media reports claimed that the Centre was preparing to issue gold bonds to temples in exchange for their gold reserves. Responding to the rumors, the government responded that there is no such proposal and the claims are "completely false". It also rejected rumours suggesting that a scheme was being planned to monetise gold owned by temple trusts and other religious bodies. "Speculation and rumours suggesting that the Government is planning to introduce monetisation scheme for Gold held by temple trusts, or any religious institution, across the country are completely false, misleading and without any basis." The government further denied claims that gold plates placed on temple towers, doors and other temple structures would be treated as “Strategic Gold Reserves of India”. It said such reports were “false, misleading, and entirely baseless”. Urging people not to share unverified information, the goevrnment has urged citizens to not spread rumours and mislead the public. "Citizens are requested not to believe or circulate such rumours. Spreading unverified information creates unnecessary confusion and may mislead the public." Furthermore, any decision related to government schemes or policies would only be announced through official press releases, government websites and verified public communication channels.