Tirupati Temple Treasure

wealthymattersThe daily earnings of Lord Balaji include cash, gold, silver and other precious offerings. The average daily revenue at the temple is 2.35 crore and the temple reported its highest ever single-day collection of 5.73 crore on April 1 last year. The 10th-century Hindu temple possesses over 1,000 tonnes of gold and gold jewellery worth 52,000 crore and has parked over 10,000 crore with banks in the form of term deposits. The temple trust owns thousands of acres of land across the country which is estimated to be worth some 90,000 crore.

Bidding For The Lord’s Treasures

wealthymattersHere is some news of interest to all devotees of Lord Venkateswara and bullion lovers in general:

The Tirumala Tirupati Devasthanams is planning on e-auctioning the gold and silver ornaments from its hundis in collaboration with MSTC. It has already sorted the first lot of gold and silver jewellery for e-auction, got MMTC India to certify its purity, and has formed a committee of IAS and IPS officers to fix the floor price. The first e-auction is expected to rake in Rs 15 crore.

For each transaction, MSTC is to earn a service charge of 2-2.5% of sales.

If you are interested,watch the TTD and MSTC website.



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