Two newly discovered gold mines

Currently, the largest gold mine in the world is the South African 'Southdeep Gold Mine' mine. However, the Hunan and Liaoning gold mines are said to be many times larger than the South African mine. Gold is reaching new heights on a global scale day by day. Due to the rising price of gold day by day, ordinary people have been forced to a situation where they cannot even think of jewelry. Gold is at the top of everyone's auspicious events, whether poor or rich.

Gold Mines

In this situation, the news of the discovery of two gold mines has come out as good news for jewelry lovers. But not in India. These two gold mines have been discovered in China. For many years, China has been conducting a survey to find gold mines.As a result of this study conducted with the help of sophisticated 3D geological monitoring technology, last year, a mine in Hunan Province was found to contain 1000 tons of gold. Now, another 1000 tons of gold mine has been discovered in China's Liaoning Province, according to a local newspaper. The discovery of two such gold mines has caused surprise among gold traders and the world.

At present, the largest gold mine in the world that produces the most gold is the 'Southdeep Gold Mine' mine in South Africa. However, the Hunan and Liaoning gold mines are said to be many times larger than the South African mine. In particular, the value of the Hunan gold mine is estimated to be 83 billion US dollars, which is more than Rs. 7 lakh crore in Indian currency. These two gold mines have hit the 'jackpot' for China.

South Africa, Australia, and Russia are the leading countries in gold production. However, experts have said that if China, which is already a significant gold producer, brings the two newly discovered gold mines into operation, it is likely to push these countries back and cause major changes in the price of gold. Meanwhile, it is noteworthy that in various phases of testing conducted by the Geological Survey of India (GSI), gold has been found buried in districts including Sundargarh, Nabarangpur, Keonjhar, and Deogarh in the Indian state of Odisha.

Two major gold mines have been discovered in the Indian state recently:

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1. Jharkhand, Ranchi district: In November 2023, GSI discovered gold mines in Babaikundi (Tamar) and Sindhauri Shyampur areas of Ranchi district. Gopur-Ghajipur area, Keonjhar district: The presence of gold mines has been confirmed here. The report has been submitted to the state government to proceed with the auction of these mines

2. Deogarh district, Odisha: In August 2024, the Geological Survey of India (GSI) discovered gold mines in the Atas-Rampally area of ​​Deogarh district. This is to be auctioned by the Odisha government.

With the discovery of two new gold mines, there is an expectation that there will be a sudden drop in gold prices globally.These discoveries could help increase India's gold production and improve economic growth.