Beijing: China has once again hit the jackpot with the discovery of 168 tons of gold reserves. According to the Ministry of Natural Resources, these reserves were found in Gansu province (northwest China), Inner Mongolia (northern China), and Heilongjiang province (northeastern China).
This marks another major gold find for China, following last year’s discovery of the world’s largest gold deposit in Hunan province. That reserve, located near Pingjiang County, is estimated at 1,000 metric tons and valued at over USD 83 billion. It even surpasses South Africa’s South Deep mine, which holds 900 metric tons of gold.
USA Leads in Gold Reserves
Despite China’s recent discoveries, the United States remains the global leader in gold reserves. According to the World Gold Council, the U.S. holds 8,133 tons of gold, more than Germany, Italy, and France combined. Germany and Italy follow in second and third place, respectively.
China ranks sixth globally, with 2,264.32 tons of gold reserves, ahead of India, which holds 840.76 tons. However, China dominates global gold production, contributing 10% of the world’s output with 375 tons mined in 2022.
Pakistan’s Gold Discovery Brings Hope
Meanwhile, Pakistan has also made headlines with the discovery of 2.8 million tolas of gold in Attock. The reserves, valued at 800 billion Pakistani rupees, were announced by former Punjab Mining Minister Ibrahim Hasan Murad.
The discovery spans a 32-kilometer stretch and was confirmed by the Geological Survey of Pakistan. This massive find could help revive Pakistan’s struggling economy and boost growth.
Gold continues to play a vital role in the global economy, with discoveries like these shaping the fortunes of nations.
