Q. Consider the following statements:
.The United States is the largest producer of gold.
2.The largest resources of gold ore (primary) in India are located in Bihar.
3.Gold supply in India is primarily met through imports..
How many of the statements given above are correct?
Explanation –
Statement 1 is incorrect. As of 2022, China is the largest producer of gold, followed by Australia and Russia. The United States ranks fourth in gold production.
Statements 2 and 3 are correct. Bihar is home to the largest gold deposits in India, primarily located in the Kolar Gold Fields (KGF) region. These deposits are estimated to hold over 600 million tonnes of gold ore. Bihar (44%) is followed by Rajasthan (25%), Karnataka (21%), West Bengal (3%), Andhra Pradesh (3%) and Jharkhand (2%).
India is a net importer of gold, with domestic production only meeting a small portion of the country’s demand. The countries from which India imports most of its gold are Switzerland and UAE. India’s share in the global gold production is less than 0.05%.
Source: ForumIAS
