[ZesePreodaNed]

BismillahirrahmanirRaheem
Asalam Alaikum

Dear All

I need to know if the following is Halaal and consider a trading or is it Haraam. Please note that i've searched many places and their is no definite answer to this.

Here's how it works


There are two forms

1. Actual Gold Trading
2. e-Gold or paper Gold

E-Gold
=====
Price comes from the actual trading of real Gold but no matter how much we own, its just paper money. We cannot get any physical Gold from the bank. Hadiths only allow hand to hand, on the spot trade.


Actual Gold
========
Banks offering Actual Gold trading. This means that i buy Gold online, through my bank account. Bank will keep the actual Gold and this Gold is available to me on demand. Bank will act as a keeper.

Buying, 'apparently' is without interest/usury. Bank offers spot rates for selling which is slightly higher than its buying price. just like currency. Let say the selling rate today is $963/oz and their buying rate is $962/oz. there is no other fee or anything else involved. I buy at $963. In the evening, the rate may become $970 or $960. It is up to me to sell it back to my bank.

Now if I want to get hold of the actual gold, i have to inform my bank. bank will ask me to submit a form in which i tell the bank at which branch i need the actual gold. I'll go there, and get hold of it.

My question is

IS THIS a Gold Trading or Is it Gambling?

I urgently need a reply. if you have access to any knowledable Imam/ Sheikh/ Sufi Master, please help me get this reply.

May Allah reward your efforts

Best Wishes
Asalam Alaikum