Gold Production in India: Prices of gold are setting new records every day and the returns of the yellow metal alone have been impressive. The United States holds the largest gold reserves in the world. Germany holds the second position followed by Italy and France. But do you know where India stands when it comes to gold reserves? Do you know where in India the largest gold reserves are found and who can mine them? Let’s know. Where Is The Maximum Amount Of Gold Found In India? It is to be noted that most of the country’s gold comes from just one state. According to official data southern state Karnataka accounts for nearly 99 percent of India’s primary gold production. The state produces most of the yellow metal in India. Historically Kolar Gold Fields is considered as the largest and deepest mine but was closed in 2001. The major reason of the closure was falling gold prices among other reasons. Notably the largest and most operational gold mine is Hutti Gold Mines which is located in Raichur district. Hutti mines are very old and has a history of around 2000 years. It is also considered as one of the oldest metal mines in the world. These mines have an annual production capacity is 550000 tons producing approx 1.8 tons of the raw yellow metal annually. Other Gold Deposits In India Besides Karnataka state gold reserves have been discovered in other states as well including Jharkhand Andhra Pradesh and Bihar. Gold deposits were recently discovered in the Jamui district. Who Is Authorised To Dig Gold? It is to be noted that only government-approved companies are authorised to mine Hutti and other government gold mines. Individuals or private investors cannot directly extract gold from the mines.