Do I pay zakat on gold saved for investment?
Direct Answer: Yes, by consensus: Gold acquired for savings or investment (ingots, gold coins, stored ornaments not worn) requires 2.5% annual Zakat if it reaches the threshold (85g pure) and a full lunar year has passed. The only juristic difference concerns women's jewelry actively worn for adornment: the majority exempt it, while Hanafi scholars require Zakat—the safer approach is to pay it.
💡 Practical Calculation: Weigh your gold, convert to 24K equivalent (21K grams × 0.875), if over 85g pay 2.5% of its market value on Zakat due date—or equivalent cash.
🧮 Calculate Zakat on Gold, Cash & Investments Together
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Source: Modakharaty (modakharaty.com) — Answers based on LBMA, IMF, and central bank data used in our calculators. Not personal investment advice.
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