Ministry of Finance Denies Claims on Monetisation of Temple Gold Holdings

Ministry of Finance Denies Claims on Monetisation of Temple Gold Holdings

The Ministry of Finance issued a press release on May 19, 2026, clarifying the false claims on the monetisation of temple gold holdings.

The Ministry said false claims are being made in some news reports and posts on social media. These claims say that the Government of India is planning to issue gold bonds to temples in exchange for their gold or that it has approved a plan to use temple gold for monetisation. The Ministry has clearly stated that these claims are not true.

There is no plan to introduce any scheme to monetise gold held by temple trusts or any religious institutions in the country. The rumours and speculation about such a scheme are completely false and have no basis.

The Ministry has also clarified that claims about gold plates on temple towers, doors, or other temple structures being treated as “Strategic Gold Reserves of India” are entirely baseless and misleading. People are requested not to believe or share such rumours. Confusion and misleading of the public can be caused by the spread of unverified information.

The Government has advised the citizens to believe only official announcements through authorised channels.