New Delhi: China has recently discovered in its Hunan province. This discovery is likely to have a huge impact on gold production and markets. Geologists have discovered huge gold reserves in the Wangu area of ​​Pingjiang County in China's Hunan province. This discovery of gold was made at a depth of more than 2,000 meters, more than 40 gold tunnels have been found here. Let us tell you that 300.2 tonnes of gold has been estimated in the initial discovery. The maximum amount of gold in this area is up to 138 grams per ton.

Experts believe that the gold reserves at a depth of more than 3,000 meters are estimated to reach 1,000 tons. Its total value can be $82.8 billion (about Rs 69,306 billion). China's gold reserves have touched the figure of 2,264.32 tons by the second quarter of 2024.

Contribution of China

China is the world's largest gold producer. According to the World Gold Council, China's contribution to global gold production was about 10% in 2023. With this new discovery, this figure may increase even more. This will further strengthen China's dominance in gold production.

China's advanced technology

The discovery of the Wangu site reflects China's advanced geology and mining techniques. The discovery of gold at such a depth not only reflects technical advancement but also presents a new challenge for geologists. At the same time, this discovery can create a challenging environment for big gold-producing countries in the world like America, Russia , and Australia. This step of China will further strengthen it as an economic power.