Throughout the world, the middle class is growing. In many economies in the world, more and more people are becoming affluent and entering the middle class. Particularly in countries like India and China, this trend is quite apparent. It is estimated that in the coming decades, India's middle market will increase from 19% to 73%.
India and China are countries that are major buyers of gold. When the middle-class increases in these two large economies, the price of gold can also see steady growth. This will be quite favourable for investors who are interested in investing in gold.