How To Calculate Zakat On Gold. However, the prices of gold and silver changes with time. Nisab, which is equal to three ounces of gold, is the minimum amount of wealth one must have before they are liable to pay zakat.
2.5% of 10 grams) of gold as zakat. For example, if you own 50 grams of gold jewellery, you would owe £51.00 zakat (50 grams x £1.02). Therefore the nisab is the value of 87.48 grams of gold or 612.36 grams of silver.
Therefore, you need to pay £1 per gram.
You take the value of your gold or silver and pay zakat on 2.5% of the value. Nisab, which is equal to three ounces of gold, is the minimum amount of wealth one must have before they are liable to pay zakat. Thus, we will multiply the net worth that we’ve just calculated with this rate: You take the value of your gold or silver and pay zakat on 2.5% of the value.