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Kanaka Durga Temple Owns 100 kg Gold

on 2014/5/26 3:39:59 ( 1676 reads )


VIJAYAWADA, ANDHRA PRADESH, INDIA, May 25, 2014 (The Hindu): Sri Durga Malleswara Swamyvarla Devasthanam owns more than 100 kg gold and nearly one and half tons silver. The Sri Durga Malleswara Swamyvarla Devasthanam has gold ornaments and jewelry weighing 55 kg. In addition it has gold reserves with the State Bank of India (SBI). With a wish to convert this "idle" gold into a perennial source of income coupled with security reasons, the temple deposited gold weighing 55.382 kg with the SBI under Gold Bond Scheme, source say. The temple authorities say that their efforts in converting "dead assets" has started yielding results. The temple is receiving an interest of US$8,560 on the gold deposited with the bank, they say.

The temple also received silver ornaments, etc., weighing 1,476 kg. The temple authorities sometime ago converted the gold ornaments presented by the devotees into pure gold, 24 carat. The ornaments that have either broken, less in quality wise, or cannot be used regularly were taken to Mumbai. The purity of those ornaments ranged between 18 carat to 22 carat, sources say.

The devotees have been presenting various gifts to the goddess. Some time ago, city based industrialists Kankanala Ramesh and Koganti Satyam presented a golden veena worth about $67,000 to the temple. About 2 kg of gold was used in the making of the Veena. The veena is being used for Saraswati Alankaram on Moola Nakshatram during Dasara.

The Kanaka Durga temple hundi collections touched new heights and surpassed its own records. The temple received an income of $1.7 million during first half of 2013.

For more on this popular temple on the banks of the River Krishna:

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