No plan to monetise gold held by temples: Finance Ministry
The Finance Ministry has clarified that there are no plans to monetise gold held by temples or religious institutions in India. This statement was made to dispel false rumors suggesting that gold from temples would be considered as 'Strategic Gold Reserves of India'. The government urged citizens to rely on official communications and not to spread unverified information.
- ▪The government is not planning a monetisation scheme for gold held by temple trusts.
- ▪Rumors about gold from temples being classified as 'Strategic Gold Reserves of India' are false.
- ▪The Finance Ministry urged citizens to rely on official communications and avoid spreading unverified information.
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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.
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