China’s massive gold discovery in **Hunan Province** estimated to hold up to **1,100 tons** of gold

 China’s massive gold discovery in **Hunan Province** estimated to hold up to **1,100 tons** of gold

China’s massive gold discovery in **Hunan Province** could mark a turning point in the global gold market. Unveiled in *November 2024*, the reserve is estimated to hold up to **1,100 tons** of gold buried as deep as **9,800 feet** underground — potentially surpassing *South Africa’s South Deep mine*, long considered the world’s largest. Valued at around **\$83 billion**, this supergiant find has already impacted global prices, pushing gold near **\$2,700 per ounce**.

While China is already the **world’s top gold producer**, it still relies heavily on imports to meet domestic demand. This discovery, if fully extractable, could help reduce that dependency — though experts caution that the extreme depth and extraction challenges may limit short-term gains. Remarkably rich core samples, showing **138 grams per metric ton**, hint at high profitability. Even if it only satisfies about two years of national demand, the find positions China as a stronger force in global gold supply chains — and adds momentum to its push for resource independence and commodity influence.