India possesses vast, underexplored gold reserves, heavily relying on imports, costing $59 billion annually. Despite geological potential comparable to leading mining nations, only a fraction of sites are explored. Regulatory friction, uncertain post-discovery rights, lengthy approvals, and the absence of a junior miner ecosystem deter global investment. While the 2023 reform was a necessary start, it remains insufficient. India urgently needs a dedicated junior mining capital market, accessible GSI data, and streamlined environmental clearances. Delays cost India economically, demanding bold policy changes to unlock domestic gold production.