The Hindu
No plan to monetise gold held by temples: Finance Ministry
No plan to monetise gold held by temples: Finance Ministry Finance Ministry clarified that claims suggesting gold plates on temple towers, doors, or other temple structures will be considered as 'Strategic Gold Reserves of India' are false, misleading,…
No plan to monetise gold held by temples: Finance Ministry
Finance Ministry clarified that claims suggesting gold plates on temple towers, doors, or other temple structures will be considered as ‘Strategic Gold Reserves of India’ are false, misleading, and entirely baseless.
Updated – May 19, 2026 12:22 pm IST – New Delhi
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Debunking all rumours and speculations, the government on Tuesday (May 19, 2026) said it is not planning to introduce a monetisation scheme for gold held by temple trusts, or any religious institution across the country.
Such rumours are completely false, misleading and without any basis, the Finance Ministry said in a clarification.
It also clarified that claims suggesting gold plates on temple towers, doors, or other temple structures will be considered as ‘Strategic Gold Reserves of India’ are false, misleading, and entirely baseless.
29.5 kg of gold from Kanaka Durga temple deposited under GMS scheme
The Ministry urged citizens not to believe or circulate such rumours.
Spreading unverified information creates unnecessary confusion and may mislead the public, it said.
The government urges all citizens to rely only on official communications issued through authorised channels, it said.
Any information regarding policy decisions or government schemes will be shared through official press releases, government websites, and verified public communication platforms, it added.
Published – May 19, 2026 12:21 pm IST
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Prateek Tanmay