Indira Gandhi gold ban claim is fake but her government tightened controls in the late 1960s

Published on 12 May 2026

A viral 1967 quote was digitally altered by unknown hands

A viral post claims Indira Gandhi urged people not to buy gold in 1967, but The Hindu says the image is digitally altered. The truth is less dramatic: her government did impose strict gold controls that capped holdings and reduced jewellery production, leading up to the Gold Control Act enacted in 1968.

The 1967 Indira Gandhi gold-buying claim is digitally altered
The original message was not issued as posted
Indira Gandhi’s government introduced strong gold control rules
Gold restrictions culminated in the 1968 Gold Control Act

#gold control act #indira gandhi #fact check #gold #india

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This summarization was done by Beige for a story published on The Economic Times

Indira Gandhi gold ban claim is fake but her government tightened controls in the late 1960s

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