Gold and Silver production in India & World

  • Gold is also known as  ‘international currency’.

Gold and Silver production in IndiaGold andsilver

Karnataka

  • Karnataka stands first in the reserves and production of gold in India.

  • Roughly 90 % of the total gold is produced in the Karnataka state.

  • There are 2 important gold fields in the country: Kolar Gold Field, Mysore and Hutti Gold Field in Raichur.

Andhra Pradesh

  • Andhra Pradesh is the second largest producer of gold in India.

  • Ramgiri Gold Field in Anantapur District is famous for its gold mining.

Jharkhand

  • The gold obtained from the sand and sedimentary deposits of the rivers is known as placer gold.

  • Sands of the Subarnarekha (gold streak) river have some alluvial gold.

  • Sona nadi in Singhbhum district is important.

Top 1o according to World Gold Council’s latest rankings (as at June 2016)

Rank

Country/Organization

Gold holdings (in tonnes)

1

United States

8,133.5

2

Germany

3,378.2

3

International Monetary Fund

2,814.0

4

Italy

2,451.8

5

France

2,435.8

6

China

1,823.3

7

Russia

1,498.7

8

Switzerland

1,040.0

9

Japan

765.2

10

Netherlands

612.5

11

India

557.8

Silver:

  • It is a precious metal. India, however, is not very rich in silver deposits.

  • The chief ore minerals of silver are agentine, stephanite, pyrargyrite and proustite.

  • It is also an important currency metal, and used in the manufacture of chemicals, electroplating, photography, and coloring for glasses.

  • It is found in association with lead and zinc.

  • Zawar mines in Udaipur district of Rajasthan is the major producer of silver.

  • Some silver is produced by Kolar Gold Fields and Hutti gold mines.

  • The Hindustan Copper Ltd. at Maubhandar smelter in Singhbhum district of Jhakhand obtains silver from copper slimes.

List of countries by silver production

Rank

Country/Region

Silver production (tonnes)

World

26,000

1

Mexico

5,400

2

China

4,000

3

Peru

3,500

4

Russia

1,700

5

Australia

1,700

6

Bolivia

1,200

7

Chile

1,200

8

Poland

1,150

9

United States

1,090

10

Canada

720

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