GOLDSNIPER How much is one pip in gold?
With a 100-troy-ounce lot and a $0.01-per-ounce pip, one pip is worth $1 at 1.00 lot, $0.10 at 0.10 lots and $0.01 at 0.01 lots. If your broker calls a $0.10 move one pip, the pip value is ten times larger. The same underlying price movement still produces the same cash result.
The XAUUSD pip-value formula
Pip value = lots × ounces per lot × price change per pip.
Cash movement = pip value × signed movement in pips.
| Lot size | Ounces | USD per pip | Cash movement |
|---|---|---|---|
| 0.01 | 1 | $0.01 | +$0.50 |
| 0.10 | 10 | $0.10 | +$5.00 |
| 1.00 | 100 | $1.00 | +$50.00 |
Do I need the current gold price?
No. With a USD-quoted contract and a known ounces-per-lot definition, pip value follows the formula above. The current price matters for notional exposure and margin, which are different calculations. A non-USD account also needs currency conversion.
Does this apply to gold futures?
Gold futures use an exchange-defined contract size and tick increment. A broker's XAUUSD CFD uses the broker's specification. Enter the correct ounces per contract and price increment rather than treating CFD lots and futures contracts as interchangeable.
Contract reference: CME Gold futures specifications. Formula and examples reviewed 6 September 2026.