Gold Pip Calculator — 1 Pip in Gold Price & XAUUSD Pip Value
Answer-first XAUUSD pip calculator for the searches traders actually type: 1 pip in gold price, pip value of XAUUSD, gold pips, 0.01 lot gold value and what 100 pips in gold means.
Quick Answer: How Much Is 1 Pip in Gold?
On most 3-decimal XAUUSD quotes, 1 pip = 0.01 in gold price. With the common 100 oz standard contract, that is $1 per pip for 1.00 lot, $0.10 per pip for 0.10 lot, and $0.01 per pip for 0.01 lot.
0.01 gold price move
$1.00 gold price move
$0.01/pip or $1 per $1 move
Some brokers call a 0.10 move “1 pip” instead. Use the dropdown below to switch between 0.01, 0.10 and $1.00 bases so the result matches your MT4/MT5 symbol specification.
How to Calculate Pips in Gold (XAUUSD)
Gold (XAUUSD) is quoted differently from forex pairs: most brokers quote it to 3 decimals, e.g. 2,402.315, and one pip is the second decimal — 0.01 USD. Because a standard gold lot is 100 troy ounces, the formula is:
1 standard lot → 0.01 × 100 × 1 = $1.00 per pip
Some platforms define gold pips on a 0.10 basis (one pip = a 10-cent move). On that convention a standard lot is worth $10.00 per pip. Both conventions appear in brokers and calculators — always check your platform's symbol specification before risking money. The calculator below lets you pick either basis.
XAUUSD Pip Cheat Sheet for Fast Searches
| Search / Question | Direct Answer | Formula |
|---|---|---|
| 1 pip in gold price | 0.01 on most XAUUSD quotes | pip size = 0.01 |
| pip value of XAUUSD | $1 per pip per 1.00 lot | 0.01 x 100 oz x lots |
| what is 100 pips in gold | $1.00 price move, $100 per standard lot | 100 x 0.01 x 100 oz |
| 0.01 lot size in XAUUSD | 1 oz position size | 100 oz x 0.01 lot |
Gold Pip Value Table by Lot Size (XAUUSD, 100 oz per standard lot)
| Lot Size | Ounces | Value per 0.01 move | Value per 0.10 move | Value per $1.00 move |
|---|---|---|---|---|
| 0.01 (micro) | 1 oz | $0.01 | $0.10 | $1.00 |
| 0.10 (mini) | 10 oz | $0.10 | $1.00 | $10.00 |
| 1.00 (standard) | 100 oz | $1.00 | $10.00 | $100.00 |
So a $5.00 move on one standard lot of gold is $500, a 50-pip (0.50) move is $50, and a 1-pip (0.01) move is $1.00.
Gold Points vs Pips: What Is a Point on XAUUSD?
On a 3-decimal XAUUSD quote (2,402.315), the smallest price increment is the third decimal: 1 point = 0.001.
- 1 point = 0.001 — the smallest tick on a 3-decimal gold quote; worth $0.10 per standard lot.
- 10 points = 1 pip (0.01) — the standard gold pip; worth $1.00 per standard lot.
- 100 points = 0.10 — a ten-cent move; worth $10.00 per standard lot.
- 1,000 points = $1.00 — a full dollar move; worth $100.00 per standard lot.
Point value formula: Point Value (USD) = 0.001 × 100 oz × lots — e.g. $0.10 per point on a standard lot, $0.01 on a mini lot, $0.001 on a micro lot.
Gold CFD Calculation (XAUUSD Spread Bet / CFD)
With a gold CFD you never own the metal — you exchange the difference in price. Profit or loss is:
Worked example: buy 0.10 lot of gold at $4,100.00, close at $4,150.00. One lot is 100 oz, so 0.10 lot = 10 oz. Gross profit = ($4,150 − $4,100) × 100 × 0.10 = $500. Subtract the spread (typically 20–50 cents per oz ≈ $2–5 on 0.10 lot) and any overnight swap ($3–10 per night per standard lot) to get the net result.
Leverage makes the math dangerous: with a 20:1 cap on gold (ESMA/EU) or 500:1 offshore, a 1% adverse move in gold wipes out 20–100%+ of your margin. Most retail CFD accounts lose money — size positions before you open them.
Gold Futures Calculation (COMEX GC & MGC)
Futures use fixed contract sizes and tick values:
| Contract | Size | Tick (0.10) | Point ($1.00) |
|---|---|---|---|
| GC (full) | 100 troy oz | $10.00 | $100.00 |
| MGC (mini) | 10 troy oz | $1.00 | $10.00 |
Worked example: long 2 GC contracts at $2,400.00, exit at $2,420.00 → 20 points × $100 × 2 = $4,000 profit. A 10-cent adverse tick is $10 per contract — futures require exchange-set margin, and losses can exceed deposits quickly.
Position Size for Gold: Risk-Based Lot Sizing
Example: you want to risk $500 with a 50-pip stop on a 0.10-basis platform ($10/pip per standard lot). Lots = 500 ÷ (50 × 10) = 1.00 standard lot. Never let a single trade risk more than 1–2% of your account — that rule alone keeps most beginners solvent.
Reference Table (1.00 Standard Lot)
| Symbol | Pip Size | Value / Pip / Lot (USD) |
|---|
FAQ
What is a pip in gold trading (XAUUSD)?
On the common 3-decimal gold quote (2,402.315), one pip = 0.01 USD. A standard lot of 100 oz is worth $1.00 per pip. Some platforms use a 0.10 pip basis worth $10.00 per standard lot — check your broker's symbol specification.
How much is 1 pip worth on XAUUSD gold?
1 pip (0.01 USD move) on a 1.00 lot (100 oz) is $1.00. On the 0.10 basis used by some platforms, 1 pip (0.10 USD move) is $10.00 per standard lot. A full $1.00 move is $100 per lot on either basis.
How do you calculate pip value on gold?
Pip value = pip size x contract size x lots. For a standard lot: 0.01 x 100 oz x 1 = $1.00 per pip; for a mini lot (0.10, 10 oz): 0.01 x 10 = $0.10 per pip; for a micro lot (0.01, 1 oz): $0.01 per pip.
What is a point in gold (XAUUSD) and how much is it worth?
A point is the smallest tick on a 3-decimal quote: 0.001, worth $0.10 per standard lot (100 oz). 10 points = 1 pip (0.01), 100 points = 0.10, and 1,000 points = a full $1.00 move.
How is gold CFD profit calculated?
Profit = (closing price - opening price) x contract size x lots, minus spread, swap and commission. Example: 0.10 lot (10 oz) bought at $4,100 and closed at $4,150 = $50 x 10 = $500 gross, before costs.
How do you calculate profit on gold futures?
Profit = points moved x point value x contracts. A GC contract is 100 oz with a 0.10 tick worth $10 and a $1.00 point worth $100; the MGC mini is 10 oz with $1 ticks and $10 points. Long 2 GC from $2,400 to $2,420 = 20 points x $100 x 2 = $4,000.
How many pips is a $1 move in gold?
A $1.00 move is 100 pips on the 0.01 basis (or 10 pips on the 0.10 basis) and is worth $100 per standard lot, $10 per mini lot and $1 per micro lot.
Why do JPY pairs have different pip values?
JPY pairs quote to 2 decimals (0.01 = 1 pip). A standard USDJPY lot moves 1,000 JPY per pip — roughly $6–10 USD depending on the current exchange rate.
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