What is the nisab (minimum threshold of wealth) for Zakat on Gold in Islamic jurisprudence?

Explanation

The nisab threshold for Gold is 7.5 Tolas (or approx. 87.48 grams / 2.812 troy ounces), whereas the nisab for Silver is 52.5 Tolas (approx. 612.36 grams). Zakat is levied annually at a rate of 2.5% (1/40th) on accumulated wealth exceeding these thresholds held for one lunar year. For exam purposes, Surah At-Tawbah (Verse 60) explicitly outlines the 8 eligible categories (Masarif-e-Zakat).