Question

What is the rate of Zakat on gold and silver ?​

Answer 1

Answer:

2.5%

Explanation:

Zakat is based on giving 2.5% of total savings within a lunar year. These savings include cash in hand, income earned on investments, funds currently in bank accounts and precious metal objects (e.g. Gold or Silver) There is no Zakat due on platinum or palladium or other precious metals apart from gold and silver.