Purchasing of gold

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
My question is that is it permissible in Islam to buy gold when the rate is all time low in the market and then sell it when the rate is all time high with is intention of earning profit by investing money in gold. Is earning profit in this method halal or haram in Shariah?

بسم الله الرحمن الرحيم

(Fatwa: 788/621/H=1434)

It is lawful to buy gold and sell it when the price increases provided the gold is sold after taking into possession. The money which one will get shall be halal.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

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