Soaring gold prices are a reflection of corruption under BJP, alleges Akhilesh Yadav

Samajwadi Party Chief Akhilesh Yadav. File pic

Slamming the Bharatiya Janata Party, Samajwadi Party president Akhilesh Yadav again took a hit at the sharp rise in gold prices. The SP chief alleged that the surge was not due to public demand but because ruling party leaders were converting their ‘liquid black money into solid gold'.

While posting on social media platform X, Akhilesh Yadav said that gold prices are breaking all records and touching Rs 1.20 lakh per tola (10 grams) under BJP rule. He further highlighted that this is a clear reflection of corruption and hoarding.

Akhilesh Yadav wrote, "The reality is that now a poor person cannot even give a small piece of gold at weddings as a blessing. Forget gold; even silver has gone out of the reach of the poor due to the hoarding of precious metals by BJP leaders," reported PTI.

The Samajwadi Party chief further emphasised that the government's defence would be that gold prices are determined by international markets, and asked why luxury metals continue to see rising demand despite the price surge.

He added, "If this is true, then the government should clarify under which economic rule or principle this is happening," as per PTI.

While slamming the BJP, Akhilesh Yadav also said, "Does nobody in the BJP government have a drone, telescope or bulldozer to go after the gold hoarders? Perhaps what people are seeing as a 'double engine of iron' has in fact turned into gold from the inside."

Earlier, on 22 September, Akhilesh also criticised the new GST reforms. Slamming the BJP over the latest GST changes, Akhilesh asserted, "The public is asking where the money collected in the name of GST has gone," as cited by PTI.

While posting on platform X, he also asked whether the GST collection amount would be distributed along with the long-pending promise of subsidised LPG cylinders, paid using funds allegedly received by the BJP from companies through "backdoor routes", handed out in cash on the eve of the next election, used to waive school fees for children, or compensated by making medicines and healthcare free for the sick and elderly."