Debunking the Viral Claim: Indira Gandhi's Alleged 1967 Gold Purchase Warning
Did Indira Gandhi ask people not to buy gold in 1967? Here's the truth
The Economic TimesImage: The Economic Times
A viral image claiming that former Prime Minister Indira Gandhi urged citizens not to buy gold in 1967 has been debunked as digitally altered. The Hindu newspaper clarified that the image is not authentic, although the government did implement strict gold control measures during that era to conserve foreign exchange.
- 01A viral newspaper image claiming Indira Gandhi advised against gold purchases in 1967 is digitally altered.
- 02The Hindu newspaper confirmed the image is not from their archives.
- 03Indira Gandhi's government did enforce strict gold control measures to save foreign exchange.
- 04Gold Control rules limited citizens' ability to hold gold and restricted goldsmiths' possession.
- 05The Gold Control Act of 1968 further tightened regulations on gold ownership.
Advertisement
In-Article Ad
An image circulating on social media, purportedly from the June 6, 1967 edition of The Hindu, has falsely claimed that then Prime Minister Indira Gandhi urged citizens not to buy gold to promote 'national discipline' and conserve foreign exchange. The Hindu newspaper has clarified that this image is digitally altered and not an authentic representation of their front page. Journalist B. Kolappan emphasized the importance of verifying information before sharing it online. While the image is fake, it is worth noting that during Indira Gandhi's tenure, strict gold control measures were indeed implemented to manage foreign exchange reserves. These measures included prohibiting citizens from holding gold bars and coins and limiting goldsmiths to a maximum of 100 grams for jewelry-making. The Gold Control measures were introduced by then Finance Minister Morarji Desai in 1962, and the stricter Gold Control Act was enacted in 1968, further regulating gold ownership in India.
Advertisement
In-Article Ad
Advertisement
In-Article Ad
Reader Poll
How do you verify the authenticity of news you see on social media?
Connecting to poll...
More about The Hindu
Read the original article
Visit the source for the complete story.



