Two more temples from Gujarat deposit under gold monetisation scheme

Independent estimate shows that gold with temple could be between 3,000-4,000 tons across country

Two more temples, both from Gujarat, have joined the government’s Gold Monetisation Scheme, taking the total so deposited since the launch in November 2015 to around six tonnes.

Progress is slow but some experts say the scheme needs to be given some time before it picks up. 

Sometime earlier, the Shree Somnath Trust, near Junagadh, had deposited a small quantity of gold under GMS with Dena Bank. This was refined by the Gujarat Gold Center, one of the oldest gold refineries in the state, at Ahmedabad. In end-January, another North Gujarat temple, Ambaji’s, Shri Arasuri Ambaji Mata Devasthan Trust, deposited 6.3 kg