• Source:JND

Andhra Pradesh is likely to become India’s largest supplier of gold in the coming years, driven by significant gold reserves discovered in Kurnool district and the expansion of mining activities across the state.

50 tonnes of Gold found

The state’s projection is largely based on estimated gold reserves of 50 tonnes at Jonnagiri village in Kurnool district. Addressing a press conference, Mukesh Kumar Meena, Principal Secretary (Mines), highlighted the potential of the site. “Our estimate is that 50 tonnes of gold are available in Jonnagiri itself. So, we are confident that after a few years, we (Andhra Pradesh) will become the highest supplier of gold for the country," Meena told PTI.

More Gold mining areas identified

Authorities believe that the development of local mineral resources could help boost domestic gold production and reduce India’s dependence on imports. Apart from Jonnagiri, the state has identified four other promising areas for gold mining. These include Ramagiri, Javvakula, and Chigurukunta-Bisnatam. The government plans to further explore and develop these mineral-rich regions.

ALSO READ: What Does It Mean To Dream About Gold? 4 Powerful And Auspicious Interpretations You Should Know

India’s Gold production

India’s domestic gold production has remained low since the closure of the Kolar Gold Fields in Karnataka in 2000. Currently, the state-run Hutti Gold Mines in Karnataka is the country’s only major active gold producer, generating around 1.5 tonnes of gold annually. This is in sharp contrast to India’s gold consumption, which reportedly exceeds 800 tonnes every year, making the country heavily dependent on imports.

Jonnagiri Gold Project

To help bridge this gap, Andhra Pradesh has operationalised the Jonnagiri gold project, which is being described as the country’s first large-scale private gold mining venture since Independence. The project has been developed by Geomysore Services India Private Limited with an investment of more than Rs 400 crore. Spread across nearly 598 hectares; the open pit mine is expected to produce up to 1,000 kilograms of refined gold annually at peak capacity over the next 15 years.

Expected Value

At current 2026 domestic market prices, a 50-tonne gold reserve is estimated to be worth between Rs 7,500 crore and Rs 9,000 crore. The valuation may vary depending on fluctuations in gold prices. However, the reserve represents a significant mineral asset with the potential to boost domestic gold production.

ALSO READ: Gold, Silver Rates Today: Gold Falls Below Rs 1.46 Lakh, Silver Plunges Over Rs 9,000; Check 24k, 22k Gold Rates


Also In News