20 Tonnes of Gold Deposits Discovered in India; Here’s Where

Gold Deposits Discovered in India:

The Geological Survey of India (GSI) has discovered substantial gold deposits across multiple districts in Odisha. This breakthrough has the potential to drastically reduce India’s dependency on gold imports, marking a significant milestone for the nation’s mining industry.

Gold Deposits Discovered in India:

Gold holds a special place in Indian culture, with its demand peaking during weddings, festivals, and religious events. India currently imports about 700-800 tonnes of gold every year, but domestic production produces only 1.6 tonnes. The recent discovery in Odisha promises to change this scenario. Regions such as Deogarh, Sundargarh, Nabarangpur, and Kalahandi have been identified as key areas rich in gold reserves. Preliminary estimates suggest that the deposits could amount to 10-20 metric tonnes of gold, valued at approximately ₹20,363.39 crores.

This discovery is not only beneficial for the country’s economic growth but also for Odisha. The state is already renowned for its rich mineral resources, such as chrome and bauxite, and the addition of gold will further enhance its mining portfolio. This new gold find will boost Odisha’s economy by creating job opportunities, improving local infrastructure, and fostering business growth. The Odisha Mining Corporation (OMC) and GSI are already in the process of auctioning the first gold mine block in Deogarh, signaling the beginning of commercial operations.

In the coming months, the government plans to conduct detailed lab analyses to assess the mineral quality and recovery rates. Transparent auctions and comprehensive environmental assessments will be carried out to ensure sustainable mining practices. This discovery will reduce India’s reliance on foreign imports.

It will strengthen the local economy.

It will also help India emerge as a major player in the global gold market.

This gold discovery is a promising development for India.It signals a future with stronger domestic resources.The country can rely less on imports.It will also support long-term economic self-sufficiency.

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