Not long after Prime Minister Narendra Modi urged Indians to hold off on buying gold and the government raised gold import duty from 6% to 15%, social media started buzzing with claims that the Centre was planning to issue gold bonds to temples in exchange for their gold reserves. Some reports also suggested that the central government might be looking to monetise gold holdings of the temples and other religious institutions across the country.
So, is the government really planning to monetise temple gold holdings after PM Narendra Modi's call to postpone gold purchases?
