XAU/USD pip value
One pip of XAU/USD is about $10.00 for a standard lot in a USD account. See it for every lot size and account currency, try your own numbers, and learn how the value is worked out.
Your numbers
Find out what one is worth in your own money.
The currency your trading account is held in, so the answer is in your own money.
Trade size in . 1 standard lot is 100,000 units, a mini lot is 0.1 and a micro lot is 0.01.
Your answer
One pip on a position of 1 standard lot of XAU/USD is worth $10.00 in your USD account. If the price moves 10 pips, you gain or lose $100.00.
- Per pipette (0.1 pip)
- $1.00
- Size of one pip
- 0.1
- Trade size (oz)
- 100
- A 10 pip move
- $100.00
+Show the working
- Position size in oz = 1 standard lot × 100 = 100 oz.
- Pip value in USD = 100 oz × 0.1 (the size of a pip) = 10 USD.
- USD is also your account currency, so no conversion is needed.
- A pipette is a tenth of a pip: $10.00 ÷ 10 = $1.00.
XAU/USD live price
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For information only, not financial advice. Trading carries a high risk of loss. Results depend on the values you enter and on your broker's contract specifications. Risk disclosure
What is a pip on XAU/USD?
A pip is the standard small step in a price. For gold most brokers treat 0.10 as one pip, so a move in XAU/USD from 4100.00 to 4100.10 is one pip. Some brokers use 0.01, so check the specification of the account you trade.
Pip value of XAU/USD by lot size
For one standard lot the pip value in USD is 100 ounces × 0.1 = 10 USD. Because XAU/USD is quoted in US dollars, that is already the value in a USD account: $10.00 per pip for a standard lot. An account in another currency converts the dollar amount at the current exchange rate, so the pip value is a little different in euros or pounds and moves as that rate moves.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) | Exchange rate used |
|---|---|---|---|---|
| USD | $10.00 | $1.00 | $0.10 | none needed |
| EUR | €8.93 | €0.8934 | €0.0893 | 0.893416 |
| GBP | £7.48 | £0.748 | £0.0748 | 0.748039 |
| CAD | CA$14.00 | CA$1.40 | CA$0.14 | 1.399535 |
| AUD | A$14.24 | A$1.42 | A$0.1424 | 1.424015 |
| NZD | NZ$17.58 | NZ$1.76 | NZ$0.1758 | 1.75842 |
| CHF | CHF 8.24 | CHF 0.8244 | CHF 0.0824 | 0.824355 |
| JPY | ¥1,568.03 | ¥156.8 | ¥15.68 | 156.803359 |
What a move in XAU/USD is worth
The table shows the profit or loss, in a US dollar account, from a move of the given number of pips in your favour or against you. Multiply a pip value by the number of pips to get the result.
| Move | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
| 10 pips | $100.00 | $10.00 | $1.00 |
| 25 pips | $250.00 | $25.00 | $2.50 |
| 50 pips | $500.00 | $50.00 | $5.00 |
| 100 pips | $1,000.00 | $100.00 | $10.00 |
Sizing a trade on XAU/USD
The pip value is what turns a stop-loss in pips into a position size. Divide the amount you are willing to lose by the stop in pips times the pip value of one lot. With $10.00 per pip for a standard lot in a USD account:
- Risking $100.00 with a 20 pip stop-loss: $100.00 ÷ (20 pips × $10.00) = about 0.50 standard lots.
- Risking $250.00 with a 35 pip stop-loss: $250.00 ÷ (35 pips × $10.00) = about 0.71 standard lots.
- Risking $500.00 with a 50 pip stop-loss: $500.00 ÷ (50 pips × $10.00) = about 1.00 standard lots.
Round the result down to a lot size your broker allows, usually 0.01. The position size calculator does this for any pair, risk amount and account currency.
About XAU/USD
XAU/USD is the price of one troy ounce of gold in US dollars (XAU is the market code for gold). It is quoted like a currency pair and traded on forex platforms, but it is a metal, so contract sizes and the size of a pip are set by the broker rather than by a standard. Most brokers use 100 ounces for one standard lot and call a move of 0.10 one pip.
Things to check with your broker
- The size of one lot. This page uses 100 ounces for a standard lot, which is the usual size but not universal.
- How the broker defines a pip, which differs most for gold. The pip value on your platform's contract specification always overrules this page.
- The exchange rate the platform uses to convert to your account currency. It is the rate at the time of the trade, not the rounded one shown here.
- Costs. The pip value is only a distance in money. Spreads, commissions and overnight swaps come on top and are not included.
Numbers on this page use the European Central Bank's euro reference rates for 2026-10-23 (source: ECB statistics), and an approximate gold price. They are for information only: your broker's own rates and contract specification decide the real figure.
Frequently asked questions
+What is the pip value of XAU/USD?
For one standard lot, one pip of XAU/USD is worth about $10.00 in a USD account. A mini lot is about $1.00 and a micro lot about $0.10. Because the pair is quoted in US dollars, this value does not change with the exchange rate.
+How much is 10 pips worth on XAU/USD?
Ten pips on one standard lot is about $100.00 in a USD account, $10.00 on a mini lot and $1.00 on a micro lot.
+How big is a pip on XAU/USD?
Most brokers treat a move of 0.10 as one pip on gold, but some use 0.01. Check your broker's specification.
+Does the pip value of XAU/USD change over time?
In a US dollar account it stays at $10.00 per standard lot, because the pip is measured in the account currency. In an account held in another currency it changes with that currency's exchange rate against the dollar.
+What is the pip value of XAU/USD in a euro account?
For one standard lot it is about €8.93 at the rates used on this page. It is the dollar-based value converted at the euro exchange rate.
+How many lots should I trade on XAU/USD?
It depends on how much you are willing to lose and how many pips away your stop-loss is. For example, risking $100.00 with a 20 pip stop is about 0.50 standard lots. Use the position size calculator to work it out for your own numbers.