Zakat on Gold Calculator
Calculate your zakat obligation on gold holdings. Enter the weight and purity of your gold, along with current market prices, to determine if you meet nisab and how much zakat is due.
What is the nisab for gold?
The nisab for gold is 87.48 grams (approximately 2.8 troy ounces or 7.5 tolas). This threshold is based on Islamic tradition and remains constant, though its monetary value fluctuates with gold prices.
How is zakat on gold calculated?
If your gold holdings equal or exceed 87.48 grams and you have possessed them for one lunar year (hawl), you must pay 2.5% of the total value as zakat.
Do I pay zakat on jewelry I wear regularly?
Scholars differ on this. Some exempt jewelry for personal adornment, while others require zakat on all gold. Consult a qualified scholar for guidance based on your circumstances.
What if I have both 24K and 22K gold?
Calculate each type separately based on its purity and current market price, then sum the total value. Pay 2.5% on the combined value if it meets or exceeds nisab.
How often should I calculate zakat on gold?
Zakat becomes due after you have owned gold above nisab for one complete lunar year (approximately 354 days). Many Muslims calculate annually on a specific date like Ramadan.
Can I pay zakat in gold instead of cash?
Yes, you can pay zakat with the gold itself, though cash payment is more common and practical for distribution to those in need.
What is the current nisab value in dollars?
The nisab value varies daily with gold prices. For example, at $2,000/oz, nisab is approximately $5,600. Use current spot prices for accurate calculation.
Do gold coins count toward zakat?
Yes, investment gold coins (like American Eagles or Canadian Maples) are zakatable. The total weight of pure gold content counts toward the nisab threshold.