Gold ornaments offered to Lord Venkateshwara
in Tirupati will be insured soon, owing to allegations of misuse
With a daily attendance of 70,000 people, Tirupati is one of the
richest temples in the world. With generous offerings from pilgrims,
the TTD receives offerings in the form of cash, gold and diamonds.
Currently, the estimated worth of gold and diamonds in the TTD's
management is valued at around 52,000 crores. This also includes
antique jewelry dating back to the 12th century.
The temple owns around 20 tonnes of gold and diamond jewelry. Since
no insurance company can underwrite the value of the entire property,
the TTD management is looking for state-owned insurance firm which
can re-insure with an international insurance firm.