New Delhi : On Friday, Officers of the Geological survey of india (GSI) said that the gold deposits were found in tune of around 3,000 tonnes in area of Sonbhadra district of U.P .
District mining officer KK Rai said almost five times India’s current reserve of the yellow metal .
The World Gold Council reported , India currently has 626 tonnes of gold reserves. The new reserves are almost five times more than that amount and estimated to be worth nearly Rs 12 lakh crore .
Officer also said , Work on finding gold reserves in Sonbhadra was started almost two decades back in 1992-93 by the Geological Survey of India, he said, adding that auctioning of these blocks through e-tendering would start soon .
Most Interestingly, Sonbhadra is the second largest district of Uttar Pradesh and is the only district in the country which shares borders with four states — Madhya Pradesh to the west, Chhattishgarh to the south, Jharkhand to the south-east and Bihar to the east.