Gold pip and point value calculator
See what a move in the gold price is worth for your position size, whichever pip or point convention your broker uses.
How to use it
- Enter your position size in lots and your broker's contract size. 100 ounces per lot is the most common CFD convention.
- Enter the size of the price move in dollars, for example 2.50 for a move from 4000.00 to 4002.50.
- The result shows the money value of that move, plus the value of a 0.01, 0.10 and 1.00 move.
Pips and points on gold
Brokers do not agree on what a pip means for gold. Thinking in dollars per ounce avoids the confusion.
| Move | Often called | Value on 1 lot of 100 oz |
|---|---|---|
| 0.01 | A point on many platforms | 1 dollar |
| 0.10 | A pip at many brokers and on this site | 10 dollars |
| 1.00 | One dollar move | 100 dollars |
How it works
Value of a move = lots × ounces per lot × move in dollars, converted into your account currency.
Worked example
You hold 0.10 lots with a 100 ounce contract. Gold moves from 4000.00 to 4012.50, a move of 12.50 dollars. The value is 0.10 × 100 × 12.50 = 125 dollars. The same move on one full lot would be 1,250 dollars.
Gold often moves much further in a day than the major currency pairs, so check the size of a typical daily move before choosing a position size. See our gold basics guide, the dollar index and gold, the guide to pips and the lot size calculator.
Frequently asked questions
Is a gold pip 0.01 or 0.10?
It depends on the broker. Many platforms call 0.01 a point and 0.10 a pip, and the tools on this site use 0.10. Check your broker's contract specification.
How much is a 1 dollar move on one lot of gold?
With the common contract size of 100 ounces per lot, a 1 dollar move is worth 100 dollars per lot, or 1 dollar on a 0.01 lot.
Why does the contract size matter?
The value of every move scales with the number of ounces you control. A broker using a different contract size will show a different value for the same lot size.