What is the Difference Between a Gold Standard Contract and Micro Contract?

Understanding the Distinction Between Standard and Micro Contracts for XAUUSD Trading in XAU USD

The primary distinction between Gold Standard Contracts and Micro Contracts lies in the trade volume associated with each type. Standard Contracts accommodate larger trading volumes compared to Micro Contracts.

Standard Contract - the trading volume is equal to 1 xauusd gold trading lot

Micro Contract - the trading volume is equal to one hundredth of standard xauusd lot

Standard gold contracts have a trading volume equivalent to one lot, also referred to as one standard lot. For these contracts, each pip movement typically equates to a value of $10.

For Micro Contracts related to Gold, a trading volume equivalent to one-hundredth of a standard lot is designated as one Micro lot, also known as a gold trading Micro lot. The value of a pip for a Micro Contract amounts to $0.10, or 10 Cents.

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