Calculating Zakat on gold requires understanding both the Nissab threshold for gold and the correct valuation method. Gold in any form—jewelry, coins, or bullion—is subject to Zakat if it meets certain conditions.
The Nissab threshold for gold is 85 grams (approximately 3 ounces). If you own gold equal to or exceeding this amount and have possessed it for a full lunar year (Hawl), you are obligated to pay Zakat on it.
To calculate Zakat on gold, first determine the current market value of your gold based on its weight and purity. For gold jewelry, you should consider the value of the gold itself, not including any additional value from craftsmanship or embedded precious stones.
Once you have determined the total value of your gold, calculate 2.5% of this amount. This is the Zakat you need to pay on your gold possessions.
Remember that gold should be combined with your other Zakat-eligible assets when determining if you have reached the Nissab threshold. Our calculator provides up-to-date gold prices to help you make accurate calculations.