Gold Pip Calculator: XAUUSD Pip Value and What a Real Gold Move Is Worth

A gold pip calculator answers one question: what is one pip worth on this position? On XAUUSD we count $1 of movement as one pip and a lot as 100 ounces, so a pip is $100 on one lot, $10 on 0.10 lots and $1 on 0.01 lots. The calculator above is already set to gold, needs no price, and gives the answer in your account's currency. Below are the sums, two real gold days worked in dollars, and what the tool does not count.

On gold, "pip" has no standard. Some brokers call $0.10 a pip and other sources $0.01, so the same move reads as 10 or 100 times as many pips. XAUUSD pip value explains the conventions, and the pip calculator covers every other pair. This page is the gold version, with real days.

How do you use the gold pip calculator?

Three boxes, and no price.

1. Pair: it opens on XAUUSD. You can change it to any of the other sixteen the tool holds.
2. Account currency: USD, EUR, GBP, AUD, CAD, JPY or CHF. A dollar account needs no conversion, because gold is quoted in dollars.
3. Position size, in lots. 1 is a standard lot of 100 ounces, 0.10 is 10 ounces and 0.01 is one ounce.

The answer is one pip's worth on that size, with the worth of a standard lot and of a 0.01 lot beside it. Nothing you type is kept. A price box appears for pairs that are not paid in your account's currency, and gold in a dollar account never asks for one.

What is a gold pip worth on each lot size?

Here is the table the tool gives you for a dollar account, checked by hand against its sum: ounces times $1.

On a euro account the tool divides the dollar figure by the dollars one euro buys. At 1.12 dollars to the euro, which is a round input for the sum and not a quote, a 0.10 lot is 10 ÷ 1.12 = 8.93 euros a pip, and a 1.00 lot is 100 ÷ 1.12 = 89.29 euros. The tool uses the site's latest daily close, printed under it, so its figure will differ a little from this one.

What was a real gold move worth? London, Friday 4 September 2026

Gold's Asian range was 27 pips, 4459.93 to 4487.02. At 03:45 New York a candle pushed 4 pips past the high, to 4490.63, and closed back inside. Gold then fell to 4365.31 by 09:00. That is 4490.63 − 4365.31 = $125.32 of movement, which our chart counts as 125 pips. This is the day on the chart above, and gold liquidity sweeps has it in full.

What was that move worth on a given size? Multiply the pips by the pip value.

These are the dollars of movement between a high and a low that were only known afterwards. Nobody entered at the high or left at the low, and the figure is not what any trade made. It shows how large a gold day can be against a given size, which is what the calculator is for.

And on a bigger day? New York, Friday 28 August 2026

Asia left a 42-pip range, 4571.09 to 4612.95. At 10:00 a candle pushed 18 pips past the high, to 4630.84. Gold fell 186 pips to 4445.20 by 14:30. That is 4630.84 − 4445.20 = $185.64.

Two days, two sizes of move, and the same three steps: count the dollars, multiply by the ounces, read the money. Gold stop hunts at the New York open has that day and six others. A gold day in 2026 averaged about 101 pips, so on one lot an average day is about $10,100. That is why the same lot size on gold is not the same risk as on EUR/USD.

How is gold different from a forex pair in the calculator?

In three ways, and each is a reason a gold figure does not transfer.

• The pip is a dollar, and not a fourth decimal. A currency pair's pip is 0.0001, or 0.01 on a yen pair. Gold's is our choice of $1.
• The contract is 100 ounces, not 100,000 units. The COMEX gold contract is 100 troy ounces, and we take a lot as that size. Brokers set their own, and some use 10 ounces or 1 ounce.
• No price is needed. A yen pair needs USD/JPY's price to turn its pip into dollars. Gold is paid in dollars, so a pip is a fixed sum.

Gold's pip is also a much larger share of the day. EUR/USD's average day in the same 2026 sample was 56 pips, about $563 on a standard lot.

What does the sum leave out?

The cost of being in the trade. The calculator tells you what a pip is worth, and nothing about what it costs to hold one.

• The spread. A typical gold spread from 2021 to 2026 was $0.39, which is 0.39 pips on our count and $39 on a 100-ounce lot. It can widen around a release and at the rollover. The repo holds no spread figure for a forex pair, so we make no comparison with one.
• Holding overnight. A gold CFD carries a charge for holding a position overnight, and brokers set it, so we state none.
• Slippage and gaps. A stop does not fill at its price in a fast move. Over 25 weekends from April to September 2026 the median gap between Friday's close and Sunday's open was 15 pips, and on 12 April it was 112, from 4746.94 to 4635.00.

To turn a stop into a size, use the lot size calculator, and to see what leverage does to the same position, the leverage calculator. The risk-reward calculator compares a stop with a target. For gold as a whole, start with how to trade gold.

What are the common mistakes with a gold pip?

Three come up most.

1. Counting someone else's pips. A stop of 500 pips from a broker that counts $0.10 is $50. Entered into a $1 count it is $500. Convert to dollars first.
2. Assuming a lot is 100 ounces. Check the contract size on your broker's specification. If your lot is 10 ounces, every pip value above is a tenth as large.
3. Treating a range as a result. The two days above are ranges seen afterwards. A pip count is a size, and the sizes say nothing about what a trade made.

From the three seats, the pip count is the one place retail and the market maker can read the same number differently: retail counts in the unit its platform shows, and the dollars are what the position loses. The tool's job is to put the dollars first, so that a stop, a size and a range can all be read as money before anything is placed, and so that a figure from another page can be checked against yours in a minute.