What do the honorable Muftis say regarding this issue: What is the ruling on trading in gold? A detailed answer is requested in the light of the Qur’an and Hadith.
Trading in gold is undoubtedly permissible, but just like other types of business, it has various forms. Therefore, if the ruling of a specific form of gold trade is sought, its details should be written and the Shariah ruling can then be inquired accordingly.
کما فی الدر المختار: (هو) لغة الزيادة. وشرعا (بيع الثمن بالثمن) أي ما خلق للثمنية ومنه المصوغ (جنسا بجنس أو بغير جنس) كذهب بفضة الخ (5/257)۔