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The Zakat payable on the Gold you own is 2.5% of its value. On average, a gram of Gold costs $70
Therefore, the Zakat you’re due to pay is: $70 x 2.5% which is around $1.75 per Gram, $19.85 per tola/bori (11.34g).
Use our Zakat calculator to work out how much Zakat you owe on gold.
Zakat is not just a duty on those with wealth given for the love of Allah (SWT), but a right that the poor have over us.
Those with sufficient wealth are noted in the Holy Qur’an as for:
“Those in whose wealth there is a recognized right for the needy and the poor” (70:24-25).
Gold Rate for Zakat: $1.75 per gram or $19.85 per Bori/Tola
Your Zakat has funded some of our crucial work with people and communities living in disaster and war zones: drought and famine-struck countries across East Africa; communities affected by conflict in Yemen; and families in war-torn Syria struggling to survive one day to the next.
Your Zakat has supported communities to build sustainable livelihoods in the face of climate change and to build better lives for vulnerable orphans and families across the globe.
Alhamdulillah, your Zakat has the power to transform people’s lives. Help make this happen. Give your Zakat for the love of Allah (SWT).
The nisab is the minimum amount of wealth a Muslim must possess before they become eligible to pay Zakat. This amount is often referred to as the nisab threshold.
Gold and silver are the two values used to calculate the nisab threshold. The nisab is the value of 87.48 grams of gold or 612.36 grams of silver.
Nisab Value (as of April 22, 2021):
Using value of silver (612.36 grams) – approximately $642.98
Using value of gold (87.48 grams) – approximately $6280.19
Visit our Zakat page for answers on frequently asked questions around Zakat.