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ŚB 5.24.17

ततोऽधस्ताद्वितले हरो भगवान् हाटकेश्वर: स्वपार्षदभूतगणावृत: प्रजापतिसर्गोपबृंहणाय भवो भवान्या सह मिथुनीभूत आस्ते यत: प्रवृत्ता सरित्प्रवरा हाटकी नाम भवयोर्वीर्येण यत्र चित्रभानुर्मातरिश्वना समिध्यमान ओजसा पिबति तन्निष्ठ्यूतं हाटकाख्यं सुवर्णं भूषणेनासुरेन्द्रावरोधेषु पुरुषा: सह पुरुषीभिर्धारयन्ति ॥ १७ ॥
tato ’dhastād vitale haro bhagavān hāṭakeśvaraḥ sva-pārṣada-bhūta-gaṇāvṛtaḥ prajāpati-sargopabṛṁhaṇāya bhavo bhavānyā saha mithunī-bhūta āste yataḥ pravṛttā sarit-pravarā hāṭakī nāma bhavayor vīryeṇa yatra citrabhānur mātariśvanā samidhyamāna ojasā pibati tan niṣṭhyūtaṁ hāṭakākhyaṁ suvarṇaṁ bhūṣaṇenāsurendrāvarodheṣu puruṣāḥ saha puruṣībhir dhārayanti.

Synonyms

tataḥthe planet Atala; adhastātbeneath; vitaleon the planet; haraḥLord Śiva; bhagavānthe most powerful personality; hāṭakeśvaraḥthe master of gold; sva-pārṣadaby his own associates; bhūta-gaṇawho are ghostly living beings; āvṛtaḥsurrounded; prajāpati-sargaof the creation of Lord Brahmā; upabṛṁhaṇāyato increase the population; bhavaḥLord Śiva; bhavānyā sahawith his wife, Bhavānī; mithunī-bhūtaḥbeing united in sex; āsteremains; yataḥfrom that planet (Vitala); pravṛttābeing emanated; sarit-pravarāthe great river; hāṭakīHāṭakī; nāmanamed; bhavayoḥ vīryeṇadue to the semen and ovum of Lord Śiva and Bhavānī; yatrawhere; citra-bhānuḥthe fire-god; mātariśvanāby the wind; samidhyamānaḥbeing brightly inflamed; ojasāwith great strength; pibatidrinks; tatthat; niṣṭhyūtamspit out with a hissing sound; hāṭaka-ākhyamnamed Hāṭaka; suvarṇamgold; bhūṣaṇenaby different types of ornaments; asura-indraof the great asuras; avarodheṣuin the homes; puruṣāḥthe males; sahawith; puruṣībhiḥtheir wives and women; dhārayantiwear.

Translation

The next planet below Atala is Vitala, wherein Lord Śiva, who is known as the master of gold mines, lives with his personal associates, the ghosts and similar living entities. Lord Śiva, as the progenitor, engages in sex with Bhavānī, the progenitress, to produce living entities, and from the mixture of their vital fluid the river named Hāṭakī is generated. When fire, being made to blaze by the wind, drinks of this river and then sizzles and spits it out, it produces gold called Hāṭaka. The demons who live on that planet with their wives decorate themselves with various ornaments made from that gold, and thus they live there very happily.

Purport

It appears that when Bhava and Bhavānī, Lord Śiva and his wife, unite sexually, the emulsification of their secretions creates a chemical which when heated by fire can produce gold. It is said that the alchemists of the medieval age tried to prepare gold from base metal, and Śrīla Sanātana Gosvāmī also states that when bell metal is treated with mercury, it can produce gold. Śrīla Sanātana Gosvāmī mentions this in regard to the initiation of low-class men to turn them into brāhmaṇas. Sanātana Gosvāmī said:
yathā kāñcanatāṁ yāti
kāṁsyaṁ rasa-vidhānataḥ
tathā dīkṣā-vidhānena
dvijatvaṁ jāyate nṛṇām
“As one can transform kaṁsa, or bell metal, into gold by treating it with mercury, one can also turn a lowborn man into a brāhmaṇa by initiating him properly into Vaiṣṇava activities.” The International Society for Krishna Consciousness is trying to turn mlecchas and yavanas into real brāhmaṇas by properly initiating them and stopping them from engaging in meat-eating, intoxication, illicit sex and gambling. One who stops these four principles of sinful activity and chants the Hare Kṛṣṇa mahā-mantra can certainly become a pure brāhmaṇa through the process of bona fide initiation, as suggested by Śrīla Sanātana Gosvāmī.
Apart from this, if one takes a hint from this verse and learns how to mix mercury with bell metal by properly heating and melting them, one can get gold very cheaply. The alchemists of the medieval age tried to manufacture gold, but they were unsuccessful, perhaps because they did not follow the right instructions.