The Geological Survey of India (GSI) announced in late October 2025 the identification of a third gold-bearing zone in Kankariya village, Ghatol tehsil, Banswara district, following earlier discoveries at Bhukia and Jagpura. Preliminary surveys estimate over 222 tonnes of pure gold extractable from more than 940 hectares of mineralised land, with additional traces of copper, nickel, and cobalt. At current market rates (~₹75,000 per 10 g), the Kankariya block alone could be worth over ₹16,500 crore. Fresh mining tenders were submitted in October 2025 with bids expected to open on 3 November. Once operational, Rajasthan is projected to produce 10–15 tonnes of gold annually, potentially becoming the second gold-mining state after Karnataka and contributing over 25% of India's domestic gold production.
GSI Discovers Third Gold Reserve in Rajasthan's Banswara — 222 Tonnes Estimated in Kankariya Block
The Geological Survey of India (GSI) announced in late October 2025 the identification of a third gold-bearing zone in Kankariya village, Ghatol tehsil, Banswara district, following earlier discoveries at Bhukia and Jagpura. Preliminary surveys estimate over 222 tonnes of pure gold extractable from more than 940 hectares of mineralised land, with additional traces of copper, nickel, and cobalt. At current market rates (~₹75,000 per 10 g), the Kankariya block alone could be worth over ₹16,500 crore. Fresh mining tenders were submitted in October 2025 with bids expected to open on 3 November. Once operational, Rajasthan is projected to produce 10–15 tonnes of gold annually, potentially becoming the second gold-mining state after Karnataka and contributing over 25% of India's domestic gold production.
Key facts
- GSI discovered a third gold-bearing zone in Kankariya village, Banswara district, Rajasthan.
- Preliminary surveys estimate over 222 tonnes of pure gold from 940+ hectares of mineralised land.
- The Kankariya block could be worth over ₹16,500 crore at current gold rates (~₹75,000 per 10g).
- Earlier gold discoveries in Banswara include Bhukia and Jagpura deposits.
- Rajasthan could produce 10-15 tonnes of gold annually, becoming India's second gold-mining state after Karnataka.
- Fresh mining tenders were submitted in October 2025 with bids expected to open on November 3.
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In which district of Rajasthan has the Geological Survey of India announced the third gold-bearing zone at Kankariya village in late October 2025?
The GSI identified the third gold-bearing zone at Kankariya village, Ghatol tehsil, in Banswara district, Rajasthan, following earlier discoveries at Bhukia and Jagpura.
Source: India.com / Bhaskar English
Frequently asked questions
Where did GSI discover the third gold reserve in Rajasthan and what is its estimated quantity?
The Geological Survey of India (GSI) discovered the third gold-bearing zone at Kankariya village in Ghatol tehsil, Banswara district, Rajasthan. Preliminary surveys estimate over 222 tonnes of pure gold extractable from more than 940 hectares of mineralised land.
What is the estimated economic value of the Kankariya gold block in Banswara?
At current market rates of approximately ₹75,000 per 10 grams, the Kankariya block alone is estimated to be worth over ₹16,500 crore, making it a strategically significant mineral discovery for Rajasthan.
What are the other gold deposits discovered in Banswara district before Kankariya?
Before the Kankariya discovery, GSI had identified two earlier gold-bearing zones in Banswara district — at Bhukia and Jagpura — making Kankariya the third major gold deposit in the district.
What significance does the Banswara gold discovery hold for Rajasthan's mining sector?
With annual production potential of 10–15 tonnes of gold, Rajasthan could become India's second gold-mining state after Karnataka. The Banswara deposits also contain associated minerals like copper, nickel, and cobalt.
Which agency is responsible for discovering and surveying mineral deposits in India?
The Geological Survey of India (GSI), under the Ministry of Mines, is the premier government agency responsible for conducting geological surveys and identifying mineral deposits including gold, coal, and other minerals across India.
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