The share of middle class' consumption of gold and jewelry across the country was estimated to be around 17 percent in 2030, up from around nine percent in 2020. As the middle class population increases, the income of the population increases which leads to increase in the consumption of gold, mainly because Indians consider gold as an important investment.
Consumption share of gold and jewelry by middle class population across India in 2015, with an estimate for 2020 and 2030
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India Brand Equity Foundation. (June 16, 2018). Consumption share of gold and jewelry by middle class population across India in 2015, with an estimate for 2020 and 2030 [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/896682/india-middle-class-gold-and-jewelry-consumption-share/
India Brand Equity Foundation. "Consumption share of gold and jewelry by middle class population across India in 2015, with an estimate for 2020 and 2030." Chart. June 16, 2018. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/896682/india-middle-class-gold-and-jewelry-consumption-share/
India Brand Equity Foundation. (2018). Consumption share of gold and jewelry by middle class population across India in 2015, with an estimate for 2020 and 2030. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/896682/india-middle-class-gold-and-jewelry-consumption-share/
India Brand Equity Foundation. "Consumption Share of Gold and Jewelry by Middle Class Population across India in 2015, with An Estimate for 2020 and 2030." Statista, Statista Inc., 16 Jun 2018, https://www.statista.com/statistics/896682/india-middle-class-gold-and-jewelry-consumption-share/
India Brand Equity Foundation, Consumption share of gold and jewelry by middle class population across India in 2015, with an estimate for 2020 and 2030 Statista, https://www.statista.com/statistics/896682/india-middle-class-gold-and-jewelry-consumption-share/ (last visited November 17, 2024)
Consumption share of gold and jewelry by middle class population across India in 2015, with an estimate for 2020 and 2030 [Graph], India Brand Equity Foundation, June 16, 2018. [Online]. Available: https://www.statista.com/statistics/896682/india-middle-class-gold-and-jewelry-consumption-share/
