Egyptian Tax Authority increases average making charges for gold and silver by 10% starting July

Starting in July, Egypt's Tax Authority is raising the average making charges for gold and silver jewelry by 10%, impacting everything from wedding rings to everyday adornments. This adjustment, effective until June 2027, stems from a collaboration with gold traders and manufacturers, reflecting a broader economic strategy. Such changes can affect both the retail price of these luxury items and the overall inflation rate, making this move significant for both local consumers and the broader economic landscape.