“Forget gold, even silver has gone out of the reach of the poor due to the hoarding of precious metals by BJP leaders,” the Samajwadi Party president alleged.
LUCKNOW — Samajwadi Party president Akhilesh Yadav on Wednesday hit out at the BJP over the sharp rise in gold prices, alleging that the surge was not due to public demand but because of the ruling party leaders converting their ‘liquid black money into solid gold’.
In a post on X, Yadav said gold prices breaking all records and touching Rs 1.20 lakh per ‘tola’ (10 grams) under the BJP rule was a reflection of corruption and hoarding, PTI reported.
सोने के दाम सारे रिकॉर्ड तोड़कर 1 लाख 20 हज़ार प्रति तोला तक पहुँच रहे हैं।
— Akhilesh Yadav (@yadavakhilesh) October 1, 2025
भाजपा राज में सोने के दामों का बेतहाशा बढ़ने का कारण आम जनता के बीच सोने की माँग बढ़ना नहीं है बल्कि इसका कारण महाभ्रष्ट भाजपाइयों की तरल काली कमाई को ठोस में बदलनेवाला ‘स्वर्णीकरण’ है।
सच्चाई तो ये है… pic.twitter.com/njXEKMMiHj
“The reality is that now a poor person cannot even gift 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,” he alleged.
He said 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.
“If this is true, then the government should clarify under which economic rule or principle this is happening,” he said.
He targeted the government, saying, “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.”
