Home Latest News Somnath Temple to invest in gold bond scheme

Somnath Temple to invest in gold bond scheme

Somnath Temple Trust is all set to become first temple from Gujarat to deposit its idle gold in the Gold Monetization Scheme. According to sources, the trustees of Somnath Temple Trust have given their nod to invest the yellow metal reserves in the scheme recently launched by the Government. The trust has around 35 kilo grams of gold and will deposit the gold which is not in day-to-day use of the temple.

According to the sources, the decision was taken during the recent meeting of the trustees at the residence of Prime Minister in New Delhi. Prime Minister Narendra Modi is also a trustee of the Somnath Temple Trust of the historic Somnath Temple.

Former Chief Secretary of Gujarat and trustee of the Somnath Temple Trust Mr. Praveen Lahiri said that all the trustees have agreed to the proposal of depositing the gold in Gold Monetization Scheme, which is not in day-to-day use of the temple. Now, the management will segregate the pure gold from the whole lot to finalize the quantum of gold which can be deposited.

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