India hits JACKPOT! Huge gold reserve found in…, will this treasure make India super rich?
Wyatt Mason 
The uncertainties around Trump’s reciprocal tariffs plan and its subsequent announcement this week have come as a jab in the arm for international gold prices, which have been moving northwards for a
The uncertainties around Trump’s reciprocal tariffs plan and its subsequent announcement this week have come as a jab in the arm for international gold prices, which have been moving northwards for a considerable period. Gold prices extended gains to hover near all-time highs of USD 3,201 per ounce on the day Trump announced the reciprocal tariffs, and analysts believe safe-haven gold prices will remain elevated over a possible escalation in the trade war.
In a recent turn of events, Odisha has emerged as a key player in the gold mining sector after the discovery of extensive gold reserves across various districts. Odisha’s Mines Minister, Bibhuti Jena, confirmed the findings and unveiled plans for a major gold mine auction — marking a significant step forward in the state’s economic progress. According to a 2025 report by The Times of India, gold deposits have been identified in districts such as Sundargarh, Nabarangpur, Keonjhar, and Deogarh. Exploration is still underway in areas like Malkangiri, Sambalpur, and Boudh, where further studies and research are being carried out.
The Geological Survey of India (GSI) has identified Deogarh as having the highest potential for gold deposits. In addition to gold, the GSI is also working on identifying other minerals in the region.
India stands at the forefront of global gold consumption. In 2024, the country consumed an impressive 563.4 tonnes of gold jewelry, surpassing China’s total of 511.4 tonnes. However, while demand remains high, India’s domestic gold production is relatively low, leading to the import of nearly 80% of its gold requirements. A strong gold reserve is often viewed as a symbol of economic stability, and the recent gold discoveries in India could play a vital role in strengthening the nation’s economic foundation.
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