How is zakat on gold to be paid, and is zakat obligatory on children's gold?

Scholars have differed on whether zakat is obligatory on the wealth of a minor, holding two views. The majority of scholars believe it is obligatory, citing the general texts that indicate the absolute obligation of zakat on the wealth of the rich. In contrast, another group holds the view that it is not obligatory. The preponderant view is that of the majority, which states that zakat is obligatory on the wealth of a minor, whether it be gold or other zakatable assets.