Whenever God gives, he gives in abundance. This is true for the current situation in China. The world’s second-largest economy, expert in manufacturing, and king of exports, China has now found the world’s largest gold mine. The mine found in central China can yield more than 1000 metric tons of gold, which will be worth 83 billion dollars, i.e., about 7 crore rupees. This is more than the 850 metric tons of gold deposited with the Reserve Bank of India. How did China discover this gold? What will change with this? An explainer is coming on this topic. Fortune favors the board. This mine found by China is also the result of its ambition and continuous exploration. According to Yunan Geological Bureau’s deputy Cheflai Young Jin, this gold has been discovered with 3D geological modeling technology. In this process, satellite images are also used along with excavation. Now let’s know what effect this gold mine will have on China’s economy. China is the world’s second-largest economy by 2024. China’s GDP growth in the first three quarters is 4.8%. According to experts, China’s economy can get a boost due to the discovery of gold mines. For a country with a weak currency, a gold reserve works for economic stability.

In 1991, when India’s economy sank, the country came out of a financial crisis based on its gold reserve. So, will China now leave America behind and become the world’s largest economy? On this, foreign affairs experts say that the gold reserve is a solid asset to support the currency value of any country. Having more gold strengthens the country’s economy. At present, America is the world’s largest economy with 29 trillion dollars, while China’s economy is about 18 trillion dollars. In such a situation, China may leave America behind in the coming times. Experts believe that the gold mine found by China can create problems for India. China can fund India’s neighboring countries like Pakistan, Sri Lanka, Nepal, and Bangladesh through gold, which will reduce the dependence of these countries on India. India gives funds to these countries every year under soft power, which helps us in increasing our economic growth. If the relations remain strong, these countries will increase trade with China instead of India, which will harm the Indian economy. China’s military relations with India’s neighboring countries will also improve, which can also increase the threat to India’s safe borders. China has been trying to promote Yuan worldwide for the last few years. Yuan is the currency of their country, in such a situation, dollarization can increase due to the discovery of gold in China. USA GOLD EXPERT says that China is already trying to strengthen the Chinese Yuan in international trade. Now, the value of Yuan will increase due to the discovery of gold mines. This will speed up the process of dollarization per the September 2024 report, India has 854 metric lots of gold, out of which 324 are kept in the Global Settlements of the Bank of Britain and the Bank of Switzerland. According to a report by the World Gold Council, Indian women have 25000 metric tons of gold in the form of jewelry, the highest in the world. Apart from all this, a lot of gold in India is under the ground. According to the Geological Survey of India and the Indian Mining Department, geologists in India Research has been done on only 10% of the land, according to which there could be a reserve of about 2000 metric tons of gold under the ground this is significantly more than some other country on the planet. Gold exploration is a costly job and the risk of not finding it is also high. Apart from this, it is difficult to find gold mines in India due to a lack of technology, and environmental and legal challenges.

China has found the world’s largest gold reserves, you will be stunned to know the price!

China has hit a big jackpot. China has found the world’s largest gold reserves. The price of which is said to be around Rs 7 lakh crore.

China has hit a big jackpot. China has found the world’s largest gold reserves, which are said to be worth about Rs 7 lakh crore. According to Chinese state media reports, this gold reserve was found in China’s Wangu Gold Field. According to reports, information was received about 40 gold mines at a depth of about one mile in the northeast of Pick Jia County. In the initial drilling, 300 tonnes of gold were found in these mines. It is believed that there is a possibility of getting more gold reserves if we go deeper. It is being claimed that there can be about 1000 metric tonnes of high-quality gold here. The discovery of gold mines in China is considered to be the biggest. It is being seen as the largest gold mine to date and China is going to benefit a lot from it in the coming time. It can play an important role in strengthening the gold status and resource security in China. Let us tell you that Wangu Gold Field is a major mining area for China. The Chinese government is investing about 100 million yuan to explore minerals here. It is being told that during many drills, gold was visible in the rock. Apart from this, gold was also found around the perimeter area of ​​the drill side. This makes it clear that further drilling can lead to a larger gold reserve. If the gold reserve is fully obtained, it can be worth more than 600 billion yuan or about Rs 691473 crore. According to the report that came out, by 2023, China will produce about 10% of the world’s gold. China is one of the leading countries in terms of mining and metal production. Apart from this, China is playing an important role in the development and export of mining technologies, including efforts to reduce carbon emissions in mining processes. This gold mine is seen as the largest mine to date, which is more than the 900 m gold reserve found in South Africa’s South Deep mine. This reserve may increase further in further drilling.

Top 10 countries with the largest gold reserves in 2024:

Rank	Country	Gold Reserves (Tons)	Key Highlights
1	United States	8,133.5	Largest holder globally; gold is a significant part of monetary reserves.
2	Germany	3,354.9	Reflects reliance on gold for economic stability.
3	Italy	2,451.8	Gold is a key reserve asset.
4	France	2,437.8	Maintains reserves close to Italy.
5	Russia	2,326.5	Significant growth in reserves over recent years.
6	China	2,010.5	Increasing gold holdings as part of a strategic reserve plan.
7	Switzerland	1,040	High reserve relative to population size.
8	Japan	846	Gold forms part of a diversified reserve strategy.
9	India	787.4	Steady growth in reserves to support a burgeoning economy.
10	Netherlands	612.5	Holds substantial reserves, completing the top 10.

This data highlights the role of gold in ensuring economic security and mitigating risks such as inflation and currency volatility