Gold (XAUUSD) Pip and Tick Values
| Measure | Price move | Value per standard lot |
|---|---|---|
| 1 pip (this tool) | 0.10 | $10.00 |
| 1 tick (some brokers) | 0.01 | $1.00 |
| Pip on a mini lot (0.1) | 0.10 | $1.00 |
| Pip on a micro lot (0.01) | 0.10 | $0.10 |
Which Gold Pip Convention Does Your Broker Use?
The confusion is entirely about the definition. If your platform shows gold prices to two decimals and calls a 0.10 move one pip, a standard lot pip is ten dollars, which is the convention this calculator uses. If it calls a 0.01 move one pip, that is really a tick worth one dollar per lot. Check a couple of recent trades: divide the profit or loss by the number of pips you counted, and you will see which figure your broker is using.
Because the pip definition is slippery, many gold traders skip pips entirely and size with a dollar stop instead. If you prefer to think in dollars, the position size calculator sizes a gold trade straight from a dollar distance, so the 0.10 versus 0.01 question never affects your risk.
