Find out exactly how much a pip is worth on gold — for any lot size and either broker pip convention — plus a pip-distance calculator between two prices. No signup.
Calculate Pip Value ↓Two calculators in one: pip value per lot, and how many pips between two gold prices.
Contract size: 100 oz per standard lot. Not affected by the current gold price on this convention.
| Lot size | Pip value ($0.01 convention) |
|---|---|
| 0.01 (micro) | $0.01 |
| 0.10 (mini) | $0.10 |
| 0.50 | $0.50 |
| 1.00 (standard) | $1.00 |
| 5.00 | $5.00 |
| 10.00 | $10.00 |
Use this to check your stop-loss or take-profit distance before sizing the trade on the lot size calculator.
Unlike forex majors, there's no single industry-standard pip size for XAUUSD — and getting it wrong means your real risk can be 10x what you intended.
Most MT4/MT5 brokers quote gold to 2 decimal places (e.g. 2335.50) and treat a $0.01 move as 1 pip — identical in spirit to a forex pip. Others quote to 1 decimal and call a $0.10 move a pip, or use the word "point" for the $0.01 move instead. The math is the same either way; only the label changes.
If you size a stop loss assuming $0.01 = 1 pip on a broker that actually uses $0.10 = 1 pip, your real dollar risk is 10x larger than planned. Always check your broker's contract specification page before your first live gold trade, and confirm with a demo trade if you're unsure.
Unlike a forex cross pair, XAUUSD is quoted directly in USD, so pip value per lot is constant regardless of whether gold is at $1,900 or $2,900 — it only depends on lot size and the pip convention.
Common questions about calculating pips and pip value on XAUUSD.
Use your pip value here to set the exact position size for your risk tolerance.
Open Lot Size Calculator →