{"_id":"69aafad292fb628cbcf3f6fe","title":"{\"ops\":[{\"insert\":\"Should the selling price or buying price of gold be used when calculating zakat?\\n\"}]}","question":"{\"ops\":[{\"insert\":\"When converting the value of gold to dollars for zakat, should the selling price or the buying price be used? Does it matter which price is chosen?\\n\"}]}","answer":"{\"ops\":[{\"insert\":\"The correct price to use is the selling price; meaning what you would actually receive if you sold the gold today, which is typically the market spot price or the price a gold dealer would give you.\\n\\nThe reason for this is that zakat is calculated based on the actual value of what you possess, and the value you could realistically access from your gold is its selling price, not what it would cost to replace it. The buying price is typically higher due to retail markups and dealer margins and does not reflect the true liquid value of what you own.\\n\"}]}","tags":[{"_id":"668d9ff50b76658b4c232a40","tag":"Zakat: Al-Mal","count":57}],"createdOn":"2026-03-06T16:03:30.923Z"}