Australia has the highest underground gold reserves in the world

Australia has approximately 12,000 metric tons of gold worth $720 billion under its land — the highest underground gold reserves in the world. For many centuries, the metal gold has been a symbol of wealth and security across the world. Captivating people around the world with its shine and lustre, gold has gained a value that no other metal in the universe could ever imagine.

Moreover, in Asian countries like India, gold became part of socio-cultural life and a symbol of power. However, it can be noted that while India values its gold highly, the largest global reserves are concentrated in countries that rarely make headlines. The untapped reserves located in some rare countries of the world hold immense economic potential.

According to data shared by the World Gold Council, about 244,000 metric tons of gold have been discovered globally. Of this, 187,000 metric tons have been produced, leaving 57,000 metric tons underground. Reports say that most of this gold is found in just a few countries, including China, Australia, and South Africa.

Talking about the highest unearthed gold reserves in the world, Australia tops the list with approximately 12,000 metric tons of gold worth $720 billion USD (Rs 63297600000000). Second in the list is Russia, which also holds around 12,000 metric tons underneath its soil, while South Africa, an African country, has potentially 3,200 metric tons. Also, the United States from the American continent ranks fourth with nearly 3,000 metric tons, and Indonesia rounds out the top five with 3,600 metric tons of gold reserves.

Therefore, it can be said that these five countries of the world dominate global gold reserves in terms of potential. Highlighting the immense concentration of the world’s yellow metal in specific regions, these countries have gathered headlines for their gold reserves.