Egypt gold market faces confusion due to rising costs

The decision by the Egyptian Customs Authority to increase the craftsmanship fee on gold jewelry by 10% starting next July has led to a decline in Egypt's gold market. The buying and selling activity has decreased, and many shops have begun implementing the increase early, resulting in a downturn in the market and changes in consumer behavior. Some consumers are now preferring to purchase bullion or rely on older products to avoid the higher costs.

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