Gold reserve Current Affairs, GK & News

MECL begins gold mining in Kolar after 16 years

The Mineral Exploration Corporation Limited recently began the Kolar Gold Field exploration after 16 years. Background The Kolar Gold mines are located nearly 100 km from Bengaluru. They were closed in 2001 due to the fall in gold prices. The pyroclastic and pillow lava at the mines were declared as a National Geological Monument by ..

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India ranked 10th in terms of total gold reserve

According to the latest report by World Gold Council (WGC), United States leads the country list with total gold reserves of 8,133.5 tonnes followed by Germany (3,366.8 tonnes), InternationalMonetary Fund (IMF) (2,451.8 tonnes),Italy (2,451.8 tonnes) and France (2,436.1 tonnes). India is at the 10th spot with 618.2 tonnes. Interestingly, in terms of individualcountries, India actually ..

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India 11th largest gold reserve with current holding pegged at 607 tonnes

As per the latest report by the World Gold Council (WGC), India has the 11th largest gold reserve with the current holding pegged at 607 tonnes. However, India is the world’s largest consumer of gold. The top slot is occupied by the U.S., which boasts of gold reserves of 8,133.5 tonnes, followed by Germany with ..

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