On Tuesday, the Indian government firmly rejected reports claiming it was planning to implement a gold monetisation scheme for temple trusts and religious institutions. The Ministry of Finance stated that these claims were 'false, misleading and baseless', emphasizing that there are no intentions to issue gold bonds to temples in exchange for their gold reserves. Additionally, the government dismissed rumors that gold plates on temple structures would be classified as 'Strategic Gold Reserves of India'. The ministry urged the public to avoid spreading unverified information, stressing the importance of relying on official communications for updates regarding policy decisions and government schemes. Any official announcements will be made through press releases, government websites, and verified channels. The government also highlighted its commitment to transparency, referencing its recent defense of India's textile recycling ecosystem against misleading international media portrayals, which focused on environmental concerns without acknowledging the sector's advancements in sustainability and technology.