China finds nearly $83bn worth of gold reserves in Hunan, report says

Announcement comes as prices rally this year on global uncertainties

20241121 Hong Kong gold bars

A salesperson arranges 24-karat gold bars at a jewelry store in Hong Kong. © Reuters

BEIJING (Reuters) -- China has found gold reserves worth 600 billion yuan ($82.9 billion) in central Hunan province, state outlet Xinhua news said on Thursday.

China is the world's largest gold producer, accounting for around 10% of global output in 2023, data from the World Gold Council shows.

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