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Please I would like to know whether dealing with physical gold is halal or haram ?

For example, I bought one kg of gold for 42.000 usd and when the price of gold goes up I sell it at 45.000 usd. Or I sell gold at 42.000 and hope it will decrease to buy it at 41.000 usd.

Is this kind of transaction halal or haram ?

I also would like to emphesize that I deal with real physical gold not futures or options.

Thank you.

asked 10 jaayce's gravatar image

I think it is haram because u aren't hones about the money so yes it is haram!

answered 153 HakimHamadi's gravatar image
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Asked: Apr 14 at 12:43

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Last updated: Apr 14 at 18:45

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