New Delhi: After working for almost two decades, the Geological Survey of India has discovered around 3,000 tonnes of gold in Uttar Pradesh’s Sonbhadra district. The amount is almost five times India’s current reserve of gold. The gold deposits were found in Son Pahadi and Hardi areas. The deposits in Son Pahadi is estimated to be around 2,943.26 tonnes, while that at Hardi block is around 646.16 kilogram. Also Read - Gold Prices Hit Record High at Rs 41,278 Per 10 Gram Amid Middle-East Crisis
The work began in 1992-93. Now the reserve will be e-auctioned. As per the World Gold Council, India currently has 626 tonnes of gold reserves. The new reserves are almost five times that amount and estimated to be worth nearly Rs 12 lakh crore. Also Read - Gold Prices Soar to Record High of Rs 42,000 Amid US-Iran Face-off
The British reportedly was the first to initiate the process of finding gold reserves in Naxalism-hit Sonbhadra region. Interestingly, Sonbhadra – the second largest district of Uttar Pradesh – is the only district in the country which shares borders with four states — Madhya Pradesh to the west, Chhattishgarh to the south, Jharkhand to the south-east and Bihar to the east.
(With PTI Inputs)