Using the silver nisaab when calculating zakaat

Q: For Zakaat calculation; silver has very less value compared to gold. So which one should be considered to calculate Zakaat? 52g of silver is worth $380 and Gold which worth $4000.

A: You will calculate using the silver nisaab.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)