Answered according to Hanafi Fiqh by Darulifta-Deoband.com
We borrowed money from our relatives and bank loan (gold) for house. We do not have saving money only we some gold which we taken load from bank. So my question is we to give zakah or not?

بسم الله الرحمن الرحيم

(Fatwa: 1328/1428/L=12/1436)

Zakah is not wajib on borrowed items. So it is not wajib for you to pay the zakah of those jewelry.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband