Gold Rate For Zakat In India

For example if each ounce of gold is currently worth 43 the nisab using the gold calculation is 43x 3 ounces 129.

Gold rate for zakat in india. However according to uk based islamic charity ngo muslim aid gold jewellery for personal use lies in a grey area. Forex gold bullion rate per tola wallstreet robot live gold forex rates tola gram zakat. If your personal wealth is above 129 you owe zakat.

Enter the value of nisab in your local currency. Also know last 10 days gold price trend of gold rate comparison of 22 24 karat across various cities in india including delhi bangalore chennai hyderabad mumbai etc. Get current today s 22 carat 24 carat gold price in india based on rupee per 1 gram 10 gram.

As far as the statutory zakat system established by the prophet muhammad s successor is concerned gold is considered an investment for the future and as such need to be taken into consideration when working out the annual zakat. When you want to calculate zakat on gold then the nisab is the cash equivalent of 3 ounces 87 48 grams of gold. From this explanation insha allah you may get the answer of your question.

Islamicfinder online zakat calculator 2021 provides you a step by step method to calculate zakat on your assets. For this case the amount of zakat for gold is 2 5 x 60 10 gram x idr 495 000 00 gram idr 743 737 00 and for silver is 2 5 x 300 gram x idr 11 500 00 gram idr 86 250 00. Gold silver and precious items.

According to sharia law nisab is the minimum amount a person possesses for over a year in order to be obliged to pay zakah you can calculate nisab in terms of either gold or silver value.