Saudi Arabia’s gold reserves estimated at 323 tons

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Tue, 2021-10-05 16:37

RIYADH: Saudi Arabia has huge underground gold reserves estimated at 323.7 tons, according to the Saudi Press Agency.

Official data shows that the Kingdom has six factories producing gold and silver bullion with an investment volume exceeding SR7 billion ($1.86 billion).

The Ministry of Industry and Mineral Resources has so far issued 477 gold ore detection licenses.

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