Things that happen

At the end of 2004, central banks and investment funds hold 19% of all above ground gold.   As of 2009: US holds 8000 tonnes, Germany holds 3500 tonnes, China holds 1000 tonnes. India holds just 550 tonnes.   IMF holds 3000 tonnes.   Even in percentage terms, US and Germany hold more than 65% of their reserves in gold. Portugal holds > 80% of its reserves in gold. Though China holds 1000 tonnes in gold, it amounts to only 1.5% of Chinas reserves. India holds just 6.4% of its reserves in gold.

Kolar Gold fields               Karnataka                            All Gold depleted Hutti(Raichur)                    Karnataka                            only active gold mine - Estimated for another 60 years E SinghBhum                      Jharkhand                           Tribes used to do gold-washing in Singhbhum Chigurukunta...

Kolar gold fields is in Karnataka, in Kolar district, near Bangalore. Very near to Andhra and TN borders Mining was stoppped in 2003 due to reducing deposits. KGF played an important role in prosperity of the British empire. The British refered to KGF as "Little England" due to its temperate weather. Gold found in Harappa and Mohenjo-Daro could be from KGF as the impurities include 11% silver concentration which is found only in KGF