Gold holds a special place in Indian households — passed down as jewellery, bought at weddings, kept as savings. But many people are unsure whether, and how, to pay Zakat on gold and savings in India. This 2026 guide gives you a clear, practical method, complete with worked examples.
Is Zakat due on gold?
Yes. Gold is one of the classic forms of Zakatable wealth. According to the majority of scholars, Zakat is due on gold — including jewellery — once your total reaches the nisab of 85 grams and has been in your possession for one lunar year. This is the safer, more cautious position and the one we recommend, because it fully protects the right of the poor.
Step 1: Weigh your gold
Add up all your gold by weight — bangles, chains, rings, coins and bars. Do not worry about the making charges or stones; Zakat is on the gold content's market value. If your combined gold is 85 grams or more, Zakat applies.
Step 2: Find the current market value
Check today's gold rate per gram in India and multiply by your total grams. For example, if you hold 100 grams and the market rate is a given amount per gram, your gold's Zakatable value is 100 × that rate. Because prices change daily, always use the live rate on your Zakat day.
Step 3: Add cash and savings
Now add your other Zakatable wealth:
- Cash in hand and bank balances
- Savings accounts and fixed deposits (include the principal)
- Money lent to others that you expect back
- Silver holdings at market value
A note on interest: any interest earned on deposits should not be treated as your own pure wealth. Give it away separately to the needy without expecting reward, and keep it out of celebrations or personal use.
Step 4: Subtract immediate debts and apply 2.5%
Deduct short-term debts that are currently due, then multiply the remainder by 2.5%.
Illustrative example: Suppose your gold is worth ₹6,00,000 and your cash and deposits total ₹2,00,000, giving ₹8,00,000. You have an immediate bill of ₹50,000 due, leaving ₹7,50,000. Your Zakat is ₹7,50,000 × 0.025 = ₹18,750.
A special note for wedding gold
Many Indian families hold significant gold set aside for daughters' weddings. That gold is still Zakatable each year it is held. Interestingly, your Zakat can directly help another family facing the same milestone — Wafa's marriage assistance programme helps poor families conduct dignified weddings for their daughters.
Pay your Zakat and get a receipt
Once you have your figure, you can pay your Zakat on gold and savings quickly and securely. Wafa Educational And Charitable Trust channels it to eligible families across Nuh and India through widow support, food distribution and more — and provides a receipt for your records. Purify your gold and savings this year by giving the poor their due.
Frequently Asked Questions
Is Zakat due on gold jewellery in India?
According to the majority view, Zakat is due on gold jewellery once your total gold reaches the nisab (85 grams) and has been held for a lunar year. Zakat is 2.5% of its current market value.
How do I calculate Zakat on a fixed deposit?
Include the principal amount of your fixed deposit in your Zakatable wealth. Zakat is 2.5% of that amount. Any interest earned should not be consumed and is best given away separately in charity without expecting reward.
Do I pay Zakat on gold I wear daily?
The stronger and safer position is that Zakat is due on all gold above nisab, including jewellery worn regularly. Paying it protects your wealth and fulfils the right of the poor.
Turn this into action
Your Zakat, Sadaqah or Lillah reaches verified families in Nuh, Haryana and across India — quickly, transparently and with a receipt. Give today and become the reason for someone's relief.
