Govt Clarifies No Proposal to Monetise Temple Gold Reserves
Finance Ministry says claims regarding use of temple gold as strategic reserves are completely baseless
New Delhi, May 19: The Central Government on Tuesday firmly denied reports and social media claims suggesting that it is preparing to introduce a monetisation scheme for gold held by temple trusts and religious institutions across the country.
Issuing an official clarification, the Finance Ministry stated that all such reports are “completely false, misleading and without any basis.” The ministry said no proposal is under consideration to monetise gold assets belonging to temples or other religious bodies.
The clarification came amid growing rumours circulating online claiming that the government was planning to utilise gold reserves stored in temples as part of a national economic strategy.
The ministry also dismissed claims that gold plates placed on temple towers, doors, domes or other religious structures would be classified as “Strategic Gold Reserves of India.” Officials described these reports as entirely baseless and inaccurate.
According to the ministry, the misinformation has created unnecessary confusion among citizens and devotees. It urged people not to forward or believe unverified content shared on social media or unofficial platforms.
The government emphasised that any policy decision related to financial reforms, reserve management or public schemes would only be announced through authorised communication channels, including official press releases, ministry statements and government websites.
Authorities further appealed to the public to rely exclusively on verified information sources to avoid panic and misunderstanding. The ministry warned that spreading false information can mislead people and create unwarranted public concern.
The clarification is expected to put an end to speculation regarding possible government intervention in gold assets managed by religious institutions across India.
