XAU/USD pip value calculator
1 lot = 100 troy ounces. A 0.01 move is worth $1 per lot. On one lot a single pip of gold is worth $1.00; on 0.10 lot it is $0.10. Enter your size and the tool does the rest — and shows the arithmetic, so you can check it.
$1.00
for 1.00 lot
Show the working +Hide the working −
- One pip is 0.01 of price, and one lot is 100 XAU.
- 0.01 × 100 = $1.00 per lot.
- $1.00 × 1.00 lots = $1.00.
- The price does not appear anywhere — that is why a XAU/USD pip is always $1.00 a lot.
Reference prices in the text are round teaching numbers; the calculator prefills our last stored reading, indicative only. Contract sizes follow the standard conventions printed above the calculator; your account’s own specification is what applies. Nothing here is a recommendation.
The sum for XAU/USD
Pip value = pip size × contract size × lots. For XAU/USD: 0.01 × 100 × 1 = $1.00 per lot.
Because XAU/USD is quoted in US dollars, the price is not in the sum: a pip is worth the same at any level. That is why traders keep the number in their head — $1.00 a lot, $0.10 on 0.10.
What to do with it
Multiply your stop distance in pips by this number and you have the stop in dollars. A 30-pip stop on 0.50 lot of XAU/USD is 30 × $0.50 = $15.00. If that is more than you meant to risk, the size is wrong, not the stop. The position-size calculator turns this around and gives you the size from the risk.
Common questions
- Is a XAU/USD pip always $1.00 a lot?
- Yes, on a standard 100,000-unit lot and a USD account — the price does not enter the sum.
- What is a pip on gold?
- Gold is quoted to two decimals, so one pip here is $0.01 an ounce — $1 per lot of 100 ounces. Some tools call $0.10 a pip; say "dollars per ounce" and nobody is confused.
Same tool, other instruments
The numbers behind every symbol are on the contract specifications page; the gold margin guide walks through the sums by hand; and the market hours page says when it trades.