In an unprecedented discovery, geologists in Hunan Province, China, have uncovered a gold deposit estimated to contain 1,000 metric tons of high-grade ore. Valued at approximately $83 billion, this monumental find could reshape the global gold market and further solidify China’s dominance in precious metal mining.

China's state media recently claimed that the world's largest gold deposit was discovered in the country's Pingjang County at $83 billion.

A discovery of gold reserves, estimated to be worth $83 billion, was made in China last month. China is the world's largest gold producer, Reuters reports.

Officials say that a gold field deposit in Hunan province could yield over 1,000 tonnes of the precious metal.

Valued at approximately 600 billion yuan or US$83 billion, the discovery could be considered the largest and most lucrative reservoir of gold ever uncovered, surpassing the 900 metric tons estimated to lie within the mother of all gold reserves, South Deep mine in South Africa.

STORY: Supergiant gold deposit discovered in central China's HunanSHOOTING TIME: Nov. 21, 2024DATELINE: Nov. 22, 2024LENGTH: 00:01:19LOCATION: PINGJIANG, ChinaCATEGORY: ECONOMYSHOTLIST:1. various of the press briefing2.

According to Chinese state media, a high-quality gold deposit containing approximately 1,000 metric tons (1,100 US tons) of gold has been discovered in

A massive gold deposit, potentially the world's largest, has been discovered in Hunan Province, Central China, containing an estimated 1,000 metric tonnes of high-quality ore.