THIS Indian state hits massive JACKPOT, discovers GOLD reserve worth Rs 2500000000, excavation work begins with…, the name is…

New Delhi: Gold prices in India have almost touched Rs 1 lakh, yet demand remains strong. As per the All India Sarafa Association, the price of gold with 99.9 percent purity climbed to Rs 1,00,750 per 10 grams, up from Rs 99,750 the previous day. Similarly, gold of 99.5 percent purity saw a sharp rise of Rs 1,050, reaching Rs 1,00,350 per 10 grams, compared to Rs 99,300 on Tuesday, according to a report by news agency PTI. 24 Carat Gold Prices in Chennai, Bangalore, Hyderabad, Mumbai, Delhi cost Rs 9,846 per gram, 22 carat gold costs Rs 9,025 per gram, and 18 carat gold costs Rs 7,384 per gram. Amid the spike in the prices, there is one state in India where the presence of gold reserves beneath the ground has been speculated. In such a scenario, it is being hoped that India could surpass many countries when it comes to gold.

The Singrauli district in Madhya Pradesh, which was famous for its coal reserve, will now be known for gold as well. A large gold reserve has been discovered beneath the ground here. Excavation work in the mines has already begun. The auction of four gold mines has been completed, and these blocks have been allocated to different companies.

According to the reports, companies have deployed machinery into the mines to speed up operations. Preparations to extract gold from these sites are now in full swing. The mines that have been auctioned include the Chakeria, Silphori-Sidhar, Amilhawa, and Chunpurwa gold blocks. All these locations are rich in mineral resources. Excavation at these sites is being carried out under the supervision of the mineral department.

Singrauli has already been a leader in coal production and power projects across the country. Now, with the discovery of gold, economic activities of the region is likely to get a big boost.

Here are some of the key details:

  • A massive gold reserve has been in Madhya Pradesh’s Singrauli district
  • Excavation work in the mines has already begun. The auction of four gold mines has been completed, and these blocks have been allocated to different companies.
  • Companies have deployed machinery into the mines to speed up operations. Preparations to extract gold from these sites are now in full swing.
  • According to initial reports, it is expected that these mines will yield between 1.02 to 1.5 grams of gold per ton of material.
  • Although this amount may seem small, large-scale extraction could yield gold worth billions.
  • According to government data, these mines are expected to generate around ₹250 crore in revenue annually.
  • This amount will make a significant contribution to the state government’s income and will also boost local development projects.

Modern machinery and technology are being used in the excavation work. Companies are working rapidly to extract as much gold as possible. This will also create new employment opportunities. According to Mineral Officer Kapil Muni Shukla, Singrauli will now gain a new identity in the country thanks to the shine of gold. The land here has now become a true treasure. Local residents are also very excited about this transformation.

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