The Indian government said claims about a scheme targeting gold held by temple trusts or religious institutions are false, rejecting reports of any such monetisation move.
The Indian government has rejected rumors that it plans to introduce a gold monetisation scheme for temple trusts or other religious institutions. Authorities described the claims as completely false, misleading, and baseless. The statement indicates there is no announced policy to mobilize or monetize gold holdings from these entities. Gold monetisation generally refers to programs that bring privately held gold into the formal financial system, but the government’s response in this case was a clear denial of any such proposal involving religious bodies.