Question
How do I calculate Zakat on gold-plated jewelry? If I sell gold or silver jewelry during the lunar year, must I still calculate it in my Zakat?
Answer
In the Name of Allah, the Most Merciful and Compassionate
Zakat on Gold-Plated Jewellery
One is not required to pay Zakat on gold-plated jewelry unless the amount of gold in the plating is 50% or greater than the other materials beneath it. [Maydani, al-Lubab fi Sharh al-Kitab]
Gold Sold in the Middle of Lunar Year
If you sold some of your gold/silver in the middle of the lunar year, you are not obliged to pay Zakat on that gold as it is no longer your possession. [Maydani, al-Lubab fi Sharh al-Kitab]
However, the money made from the sale will need to be added to your wealth for calculation.
Hope this helps
Allah knows best
[Shaykh] Yusuf Weltch
Checked and Approved by Shaykh Faraz Rabbani