The largest gold deposit in the world has been discovered in China, worth $83 billion. Geologists found 40 gold ore veins with a total of 300.2 tons of gold resources in Pingjiang County. China is the largest gold producer globally, accounting for 10% of global output. Prior to this discovery, the South Deep gold mine in South Africa held the title for the largest gold reserve. Gold prices have risen significantly in recent years due to geopolitical risks and economic uncertainty.