Basics, updated 8 October 2026
XAUUSD pip value explained
One pip on gold is a $0.10 price move, worth $10 on a standard lot. How gold pips work, why brokers differ, and how to convert pips to money.
On gold, one pip is a $0.10 move in price. Because a standard lot is 100 ounces, one pip on one lot is worth $10, on a mini lot (0.10) $1, and on a micro lot (0.01) $0.10.
Working it out
Gold is quoted to two decimal places, for example 4,125.40. The second decimal is a cent; the first is ten cents.
- 4,125.40 to 4,125.50 is 1 pip ($0.10).
- 4,125.40 to 4,126.40 is 10 pips ($1).
- 4,125.40 to 4,135.40 is 100 pips ($10).
To convert pips to money: pips × lot size × $10. A 150-pip win on 0.20 lots is 150 × 0.20 × $10 = $300.
Why brokers disagree
There’s no official pip size for gold. Platforms differ:
- Many count a $0.10 move as a pip (used here and in every Gold Signals Daily result).
- Some MetaTrader brokers show gold with three decimals and call $0.01 a “point” (so 10 points = 1 pip).
- A few call a $1 move a pip.
Always check how your broker counts it. Signals are given as prices, not pips, so the levels are the same whatever your broker’s convention. Only the pip count in the result changes.
Pip value doesn’t change with price
Unlike some currency pairs, gold’s pip value in dollars is fixed: $10 per pip per lot whether gold is at $2,000 or $5,000. It only changes if your account is in another currency (the dollar value is converted).
Try it with the XAUUSD pip calculator.