What is the ruling on exchanging used gold for new gold at gold shops with a difference in money?

The Shaykh : Yes

The questioner : Your father, may Allah preserve you, says:The questioner : What is the ruling on exchanging used gold for new gold at gold shops with a difference in money, and if the exchange is made with a person, what is the ruling on the gold he currently possesses? May Allah reward you with good.

The Shaykh : The ruling on this is well known and there is no disagreement among the scholars of the Muslims, because the Prophet (peace and blessings be upon him) said: meaning: whoever consumes or feeds riba. So whether the gold is old or the gold is new, it is gold, and it is not permissible to make a difference between them except like for like. This is a problem that goldsmiths fall into when they sell gold for gold with a difference, and in my opinion, this problem is not solved except by having silver paper currency, because in this case, if one type is sold for another type with a difference and hand to hand, there is no harm in that.