Zakat On Gold Ornaments
If it’s so what is the philosophy of having minimum mikhdar of gold and silver to pay zakat . What about the gold and silver ornaments in excess of this if they are of personal use ? Is it only a measurement to calculate the wealth of an individual to pay zakat ? Every household will have gold ornaments for personal use only but very few will do it with a main intention of hoarding and investment ? Yet are they exempted?