Prestige Restored: 3500 tonnes of gold found in Sonbhadra district of UP: Learn More

Archeological Survey of India (ASI) has claimed a fantastic job in Sonbhadra district of Uttar Pradesh. As per ASI and Uttar Pradesh Directorate of Geology and Mining , approximately 3500 tonnes of gold reserves has been found in Son Pahadi and Hardi village area of Sonbhadra. Which is more than five times the current gold reserve of India.

Current consolidated gold reserve of India is approximately 700 tonnes, which is 6.9 per cent of the share held in gold in total foreign reserves.

The UP government has started the process for allocation of blocks where gold is said to be found. A large reserve of gold has been confirmed in Hardi village in Kone region and Son Pahadi in Mahuli region. The government has also constituted a seven-member team for auctioning of these blocks through e-tendering process. The team will be geo-tagging the entire region and will submit its report to the Directorate of Geology and Mining, Lucknow by February 22.

The work for finding gold reserves in Sonbhadra started in the year 1992-93 after the Central Geological Survey of India took over. It was reportedly the British who first initiated the process to find gold reserve in Sobhadra region.

As per the official letter of the Uttar Pradesh Directorate of Geology and Mining, 2,943.26 tonnes of gold reserve is said to be at Son Pahadi while 646.15 kilograms of gold is said to be at Hardi block. As per the World Gold Council, India currently has 626 tonnes of gold reserves. The new reserves are almost five times that amount and estimated at Rs 12 lakh crore.