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# What is the current price of 1 tola for calculating zakat on gold?

Answered as per Hanafi Fiqh by Muftisays.com
some of the sisters been asking how much zakat they have to take out on there gold.what is the currant price is for 1 tolla

 Bismillah Al-jawab billahi at-taufeeq (the answer with Allah’s guidance) 1 Tola = 11.663 grams The Nisab for gold will be 7.5 Tola which is 87.5g. (Awzan Shari’ah Pg.13) The current price of gold is £19.899 per gram (price on 17/09/09). 87.5g * £19.899 = 1741.16 Therefore, The value of the Nisab is that of 87.5 grammes of gold, i.e. £1741.16 at current market rates. And Only Allah Ta’ala Knows Best. ————————————–Moulana Qamruz Zaman London, UK

This answer was collected from MuftiSays.com, based in London (UK). It is one of the fruits of Darul Uloom London. Many ‘ulama are involved in answering the Q&A on the site, including: Shaikul Hadeeth Mufti Umar Farooq Sahib, Mufti Saifur Rahman Sahib, Mufti Abdullah Patel Sahib, Maulana Qamruz Zaman Sahib, Mufti Abu Bakr Karolia Sahib.