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Akhilesh Yadav Alleges BJP 'Goldification' as Gold Prices Top ₹1.2 Lakh per 10g

The allegation remains unverified, with no official response reported.

Overview

  • The Samajwadi Party chief accused BJP leaders of hoarding gold and converting black money into the metal, a practice he labeled "goldification."
  • Market readings cited in reports show Delhi prices near ₹1,18,790 per 10g, with other accounts noting levels around ₹1.20 lakh per 10g.
  • Yadav pressed the government to explain why prices of luxury metals keep climbing despite international market fluctuations.
  • He mocked the ruling party’s focus on drones, binoculars and bulldozers, asking why such tools were not used to pursue alleged gold hoarders.
  • Coverage notes typical drivers such as dollar moves, global demand, taxes and seasonal buying, and it records no independent evidence for the hoarding claim.