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The Times of India
The Times of India
National
TNN

Tamil Nadu: Unused temple jewellery converted into gold bars

Gold Tamil Nadu M.K Stalin Bonds HRCE Chennai Virudhunagar

CHENNAI: The Tamil Nadu government initiated the process of monetisation of temple jewellery by converting 27,250g of gold of the Irukkankudi Mariamman temple in Virudhunagar district into gold bonds worth ₹10 crore. Chief minister M K Stalin handed over the gold bonds to temple authorities on Wednesday.

The TN government had announced in October last year that it would monetise the unused gold in the form of jewellery and bars in temples, purify it and then convert them into gold bars and deposit in nationalised banks.

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