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BRICS Gold Reserves Surge Following Major Discoveries in China and India

BRICS Gold Reserves Surge Following Major Discoveries in China and India

Author:

Global Cryptocurrency

Published:

2025-10-24 12:19:01

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BTCCSquare news:

BRICS nations are rewriting global Gold market dynamics as China and India report record mine discoveries. The bloc now controls approximately 20% of worldwide gold reserves, with China's Hunan Province deposit alone valued at $83 billion. Geological surveys reveal 1,100 tonnes of reserves averaging 138 grams per metric ton - surpassing South Africa's legendary South Deep mine in scale.

India's simultaneous gold finds amplify the strategic shift. These developments coincide with gold prices testing $2,700 thresholds as central banks recalibrate reserve strategies. "Many drilled rock cores showed visible gold," confirms Chen Rulin of Hunan's Geological Bureau, underscoring the deposit's exceptional purity.

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