Government Dismisses Reports of Monetising Temple Gold, Calls Claims False and Baseless

Government Dismisses Reports of Monetising Temple Gold, Calls Claims False and Baseless

The government has firmly denied reports suggesting plans to monetise temple gold, calling such claims false, misleading, and baseless. Amid speculation over bringing household and temple-held gold into the market following earlier public appeals, authorities clarified that no such policy exists and urged citizens not to believe or spread rumours. The statement aims to curb misinformation.

In a clear and decisive statement, the government has rejected reports suggesting any plan to monetise gold stored in temples. The clarification comes amid growing public speculation that the authorities were considering bringing household and temple-held gold into the market.

Officials further addressed earlier discussions in which the government had reportedly appealed to citizens to refrain from purchasing gold for a period of one year. This advisory had fueled assumptions that surplus gold lying in homes and religious institutions might be channelled into formal market mechanisms.

Dismissing these claims, the government categorically stated that there is no intention whatsoever to monetise temple gold. Authorities described such reports as false, misleading, and entirely baseless. The statement emphasized that no policy or proposal has been initiated in this direction.

The government has also urged the public to remain cautious and not believe or circulate unverified information. It warned against the spread of rumours that could create unnecessary confusion among citizens regarding national economic policies and the management of gold reserves.

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The clarification seeks to put an end to speculation surrounding gold monetisation, reinforcing that no steps are being taken to involve temple-held gold in any market operations. The administration reiterated its commitment to transparency and urged responsible communication in public discourse.

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