New Delhi, May 19 -- The finance ministry, government of India, on Tuesday clarified that reports and social media posts claiming that temple gold holdings will be monetised or used under any proposed gold bond scheme are false and misleading.

In an official clarification by the Ministry of Finance, the government said no proposal has been approved to issue gold bonds to temples in exchange for gold reserves held by temple trusts or religious institutions across the country.

The clarification came after media reports and online posts circulated claims that the Centre was planning to introduce a scheme to monetise gold held by temple trusts and religious institutions.

The Ministry of Finance, in a post on X said, "Speculation and rumour...