MidasXAUUSD pip calculator: gold pip value, profit in pips and position size
XAUUSD pip value by lot size
Profit or loss on a standard account = lot × 100 oz × price move. On a cent account the same numbers appear in US cents (USC), so they are 100 times smaller in dollars.
| Lot | $0.01 move (1 point) | $0.10 move (1 pip) | $1 move | $10 move |
|---|---|---|---|---|
| 0.01 | $0.01 | $0.10 | $1.00 | $10.00 |
| 0.10 | $0.10 | $1.00 | $10.00 | $100.00 |
| 1.00 | $1.00 | $10.00 | $100.00 | $1 000.00 |
Check these settings on real ticksIn the Midas Grid emulator — any gold day since January 2025 tick by tick, and settings run day by day. Free, in the browser.
Gold pip definitions: $0.10 or $0.01
On currency pairs a pip is the 4th decimal (0.0001). Gold is quoted with 2 decimals (4170.25), so the smallest step, one point, is $0.01 of price. Many brokers, courses and signal channels call ten points, $0.10, one pip on gold; some platforms and calculators call one point, $0.01, a pip. A few even call $1 a pip. The same "50 pips" can therefore mean $5 or $0.50 of price.
With the standard contract of 100 oz per 1.00 lot, every $1 of gold price is worth $100 on 1.00 lot. That gives the table below.
| Lot | Pip = $0.10 | Pip = $0.01 | Cent account, pip = $0.10 |
|---|---|---|---|
| 0.01 | $0.10 | $0.01 | 0.10 USC ($0.001) |
| 0.10 | $1.00 | $0.10 | 1 USC ($0.01) |
| 1.00 | $10.00 | $1.00 | 10 USC ($0.10) |
| 10.00 | $100.00 | $10.00 | 100 USC ($1) |
Check your broker: in MetaTrader open the symbol's Specification and read Digits (2 or 3) and Contract size. With 3 digits one point is $0.001, so a "point" is ten times smaller again. For the lot from a stop in dollars use the gold lot size calculator; for margin, the margin calculator.
Formulas and worked example
On gold (XAUUSD) 1 lot = 100 oz, so a $0.10 move (1 pip, as most brokers count it) is worth $10 per lot and $0.10 on 0.01 lot; a $1 move is worth $1 on 0.01 lot and $100 on 1 lot.
Reviewed
Frequently asked questions
How much is 1 pip on XAUUSD?
It depends on the definition. If 1 pip = $0.10 of gold price (the most common use), 1 pip is worth $10 on 1.00 lot, $1 on 0.10 lot and $0.10 on 0.01 lot with a 100 oz contract. If 1 pip = $0.01, divide those by ten.
How many pips is a $1 move in gold?
Ten pips if a pip is $0.10, one hundred if a pip is $0.01. In points (2-digit quote) a $1 move is always 100 points.
How do I calculate profit in pips on gold?
Profit = pips × pip value × lot. Example: 50 pips of $0.10 on 0.10 lot = 50 × $1 = $50. Spread, commission and swap come on top.
How do I choose the lot size from my risk?
Divide the money you accept to lose by the stop in pips times the pip value of 1.00 lot, then round down to 0.01. With $10 at risk and a 50-pip stop ($10 per pip per lot): 10 ÷ 500 = 0.02 lot.
What changes on a cent account?
The numbers are the same but in US cents: 1.00 cent lot moves 10 USC per $0.10 pip, which is $0.10. Some cent accounts use a 1 oz contract; check Contract size in the specification.
Does the pip value depend on the gold price or leverage?
No. On XAUUSD the pip value in dollars depends only on the contract size and the lot. Leverage changes the margin you need, not the value of a pip; for margin use the margin calculator.
About this calculator
Gold has no single pip: many brokers and traders call $0.10 of price one pip, others call $0.01 one pip. Pick the definition, enter your lot and pips, and the calculator shows the pip value, the dollar result of the move and the lot that fits a risk percentage. Arithmetic of the numbers you enter, not advice.
Formulas and worked example
How the pip value is calculated
pip value = contract × pip size × lotContract in ounces (100 on a standard lot), pip size in dollars of price ($0.10 or $0.01). On a cent account the result is in US cents.profit = pips × pip valueThe pip value times the number of pips of the move.lot = risk ÷ (stop pips × contract × pip size)Risk = balance × risk %. The lot is rounded down to the lot step (0.01), so the real risk is the same or a little smaller.
Worked example: 0.10 lot, 50 pips, $1 000
Standard account, contract 100 oz, 1 pip = $0.10, balance $1 000, risk 1 %, stop 50 pips.
| Pip value of 0.10 lot | 100 × 0.10 × 0.10 = $1.00 |
| Result of 50 pips | 50 × $1.00 = $50.00 |
| Gold price move | 50 × $0.10 = $5.00 |
| Lot for 1 % risk with a 50-pip stop | 1 000 × 1% = $10; 10 ÷ (50 × 100 × 0.10) = 0.02 |
Midas runs the same calculation in its panel on the MT5 chart.The Grid tab shows the room to stop-out for your account and settings.