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Gold mining is the resource extraction of gold by mining. As of 2016, the world's largest gold producer was China with 463.7 tonnes. The second-largest producer, Australia, mined 287.3 tonnes in the same year, followed by Russia with 274.4 tonnes.
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The market price of gold is based on 1 troy ounce of pure gold. In every ounce, there is 480 grains, 20 pennyweight or 31.104 grams. Since gold has gotten so valuable, it has become necessary to weigh it down to a fraction of a grain.
