Calculate the value of your gold by weight and karat. Includes automatic Zakat calculation.
| Karat | Purity | Gold Content | Common Uses |
|---|---|---|---|
| 24K | 99.9% | 24/24 parts gold | Investment bars, coins, bullion |
| 22K | 91.6% | 22/24 parts gold | High-quality jewelry (Middle East, South Asia) |
| 21K | 87.5% | 21/24 parts gold | Jewelry (Arab countries) |
| 18K | 75.0% | 18/24 parts gold | Fine jewelry (Western countries) |
| 14K | 58.3% | 14/24 parts gold | Everyday durable jewelry |
| 10K | 41.7% | 10/24 parts gold | Budget jewelry, minimal gold content |
Gold has been humanity's most trusted store of value for over 5,000 years, and it remains central to Islamic finance today. Whether you own gold jewelry, investment coins, or bullion bars, knowing the precise value of your gold is essential for accurate Zakat calculations, insurance valuations, and informed buying or selling decisions.
The value of any gold item depends on three factors: its weight, its purity (karat), and the current market price of gold. The formula is straightforward: multiply the weight in grams by the current price per gram of pure gold, then multiply by the karat purity fraction. For example, if you have 10 grams of 22K gold and the current price of pure gold is $75 per gram, the calculation would be: 10 grams × $75 × (22/24) = $687.50.
The karat (K) system measures what fraction of a gold alloy is actually pure gold. Pure gold is designated as 24 karat, meaning 24 out of 24 parts are gold (99.9% purity). Lower karat values indicate that the gold has been mixed with other metals — typically copper, silver, or zinc — to increase hardness and durability. While 24K gold is the purest, it is also the softest, which is why jewelry is often made from 18K, 21K, or 22K gold.
In the Middle East and South Asia, 22K and 21K gold are the most popular for jewelry, valued for their rich yellow color and relatively high purity. In Western countries, 18K and 14K are more common due to their greater durability for everyday wear.
Gold is one of the most important asset categories for Zakat calculation. If the total value of gold you own meets or exceeds the Nisab threshold (equivalent to 87.48 grams of pure 24K gold) and you have held it for one complete lunar year, you owe 2.5% Zakat on the total market value of all your gold.
There is an ongoing scholarly debate about whether gold jewelry that is regularly worn is subject to Zakat. The Hanafi school of thought requires Zakat on all gold regardless of usage, while the Shafi'i, Maliki, and Hanbali schools generally exempt jewelry worn regularly in reasonable amounts. Our calculator includes Zakat computation on the total value to help you fulfill the obligation according to all schools.
🥇 Important: When calculating Zakat on gold, always use the current market price on the day your Zakat is due — not the price you originally paid. Gold prices fluctuate daily, so the Zakat amount changes accordingly.
Gold is weighed using several different units around the world. The gram is the international standard used in most countries. The troy ounce (31.1 grams) is the standard unit in global gold markets and is used for bullion pricing. The tola (11.66 grams) is widely used in South Asia, particularly in India, Pakistan, and Bangladesh, for gold jewelry transactions. Our calculator supports all three units plus kilograms for larger quantities.
Gold prices are influenced by global economic conditions, with prices typically rising during periods of economic uncertainty, inflation, or geopolitical instability. Central bank policies, particularly interest rate decisions by the US Federal Reserve, also significantly impact gold prices. Currency fluctuations, especially the strength of the US Dollar, play a major role since gold is priced internationally in USD. Supply and demand dynamics in the jewelry and industrial sectors contribute to price movements as well.