Golden Ground Beneath: Australia Tops Global Underground Gold Reserve Rankings

Image Source : Times of India

Australia has emerged as the world’s leading holder of underground gold reserves, surpassing China, Pakistan, and Turkey. With an estimated 12,000 metric tons of gold valued at ₹63,29,76,00,00,000 (approximately $720 billion), the country’s mineral wealth positions it as a key player in global bullion dynamics and a strategic ally for India.

In a striking revelation, Australia has been confirmed as the country with the highest underground gold reserves globally, according to recent data shared by India.com and World Gold Council sources. The figure—12,000 metric tons of gold—translates to a staggering ₹63.3 trillion in value, making Australia a central figure in the global gold economy.

Key Highlights

Australia’s underground gold reserves are estimated at 12,000 metric tons, valued at over $720 billion
The country’s reserves surpass those of China, Russia, South Africa, and the United States in terms of untapped underground deposits
India, despite its cultural affinity for gold, ranks seventh in terms of official gold holdings but does not feature among the top underground reserve holders
Australia’s gold-rich geology includes major deposits in Western Australia, particularly in regions like Kalgoorlie and Boddington
The country’s mining infrastructure and regulatory transparency make it a preferred destination for global bullion investors
Rising gold prices, driven by inflation and geopolitical uncertainty, have further boosted the valuation of Australia’s reserves
The revelation strengthens Australia’s strategic importance to India, especially in the context of trade, resource security, and economic cooperation
Experts suggest that Australia’s reserves could play a pivotal role in shaping future gold supply chains and central bank policies

The news comes at a time when central banks worldwide are increasing their gold holdings to hedge against currency volatility and economic shocks. Australia’s dominance in underground reserves not only reflects its geological advantage but also its long-term investment in sustainable mining and resource governance.

Sources: India.com, World Gold Council, Outlook Business, Jagran Josh, Worldostats.com, Weekly Silicon Valley

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