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Tuesday, May 19, 2026

Finance Ministry denies temple gold monetisation rumours, calls claims 'false and misleading' - TradingView

The Centre on Tuesday rejected reports and social media claims suggesting that it was considering a scheme to monetise gold owned by temples and religious institutions across the country.

The clarification was issued by the Finance Ministry, which said the speculation had “no basis” and urged citizens not to circulate unverified information.

In a statement issued by the Press Information Bureau (PIB), the ministry said claims that the government planned to issue gold bonds in exchange for temple gold reserves were “completely false, misleading, and without any basis.”

It also denied reports that any proposal had been cleared for monetisation of temple gold holdings.

“Speculation and rumours suggesting that the Government is planning to introduce a monetisation scheme for Gold held by temple trusts, or any religious institution, across the country are completely false, misleading and without any basis,” the ministry said.

The government also refuted claims circulating online that gold plates installed on temple towers, doors and other structures would be categorised as “Strategic Gold Reserves of India.” According to the clarification, such reports were “false, misleading, and entirely baseless.”

The ministry appealed to the public not to believe or forward rumours related to the issue, warning that misinformation could create confusion. “Citizens are requested not to believe or circulate such rumours. Spreading unverified information creates unnecessary confusion and may...



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