China Discovers Largest Gold Deposit Worth $83 Billion

A groundbreaking find in Hunan Province reveals over 1,000 metric tons of gold, potentially reshaping the global gold market.

The Wangu goldfield in Pingjiang County, Hunan Province, contains an estimated 1,000 metric tons of gold, valued at $83 billion.
Geologists identified over 40 gold veins, with ore concentrations reaching up to 138 grams per metric ton, far exceeding global high-grade standards.
The deposit extends to a depth of 2 kilometers, with potential reserves at 3 kilometers still under evaluation.
China, already the world's largest gold producer, sees this discovery as a key step in enhancing its resource security and global market influence.
The announcement has influenced global gold prices, reflecting the economic and geopolitical significance of the find.