Zakat on Gold Bars and Coins

Calculate Zakat on investment gold using current market value.

Use the Zakat Calculator

Gold bars and coins are treated as investment assets, so their full market value is zakatable once your wealth is above the Nisab.

Quick answer

  • Use the current market value, not the purchase price.
  • Check purity and total weight.
  • Pay 2.5% if your total wealth exceeds Nisab.

How to calculate

  1. Add the total grams of gold you own.
  2. Adjust for purity if coins are not 24K.
  3. Multiply by the current gold price per gram.
  4. Combine with other zakatable assets.
  5. Apply 2.5% if you are above Nisab.

Common mistakes

  • Using retail premiums instead of fair market value.
  • Forgetting small coins stored separately.
  • Ignoring purity on older or mixed coins.
Estimate your Zakat on gold with the calculator.

FAQ

Do I include collectible premiums?

Use a realistic resale value, not a rare collector premium.

Is gold in ETFs the same as physical gold?

No. Treat ETFs as investments. See the stocks and ETFs guide.

Can storage fees be deducted?

Generally no. Regular expenses are not deducted from Zakatable wealth.

Related guides

Zakat on Gold Jewelry

Determine if worn gold jewelry is zakatable and how to compute its value.

Zakat on Silver

Learn how to value silver assets and apply the Zakat rate.

Nisab: Gold vs Silver

Understand the difference between gold and silver Nisab thresholds.

How to Calculate Zakat

A simple step-by-step guide for calculating your Zakat.

More resources: FAQ and About Zakat.