On XAUUSD, count the move in dollars, because each $1 move in the gold price is worth $100 per lot. A pip on gold means $0.01 on some pages and $0.10 on others, but the dollars stay the same.
Gold quotes and spreads checked in October 2026
See how to turn a move in the gold price into dollars, why guides and brokers count gold pips differently, and how to compare the gold spread and set a stop-loss without counting pips.
Contents
How Do You Count Pips on XAUUSD?
On XAUUSD, count the move in dollars, because each $1 move in the gold price is worth $100 per lot at XM, HFM, XS and Exness. Pips and MT5 points give the same move different numbers, as the figure shows.
Gold moves from 4,150.00 to 4,151.00
The same $1 move counts as
- Pips, if 1 pip is $0.1010 pips
- Pips, if 1 pip is $0.01100 pips
- MT5 at XM, HFM, XS100 points
- MT5 at Exness1,000 points
Profit by lot size
- 0.01 lot$1
- 0.1 lot$10
- 1 lot$100
At all four brokers, 1 lot of gold is 100 ounces. So 1 lot makes or loses $100 each time the gold price moves $1. MT5 shows more points at Exness only because Exness quotes gold with three decimals, such as 4,150.125, and the money is the same.
For a move of any other size, multiply the move in dollars by the ounces you trade. 0.1 lot is 10 ounces, for example. Our pip calculator does this sum for your own lot size, and it opens with gold already selected.
0.1 lot of gold, bought at 4,150.00
Closed at 4,153.50: price move$3.50
Ounces in 0.1 lot× 10
Your profit$35.00
The same method works for a loss and at every broker. Our 0.01 lot guide shows what the smallest gold trade is worth, with the margin it needs.
The exception is a cent or micro account, where 1 lot holds less gold. So on those accounts, check the ounces per lot before you multiply. Our cent account comparison compares the cent accounts at each broker.
Is 1 Pip on Gold $0.01 or $0.10?
On gold, both $0.01 and $0.10 are called one pip, so a pip number only makes sense once you know which one is meant. Some guides count a $0.01 move as one pip, and many traders count a $0.10 move. Our spread and rebate tools use $0.10.
The two sizes are ten times apart, so the same pip number can mean a very different loss. For example, a video tells you to put your stop-loss 30 pips away on 1 lot of gold. The table below shows what that stop can mean.
A 30-pip stop-loss on 1 lot of gold
| Price move | Loss on 1 lot | |
|---|---|---|
| If 1 pip is $0.01 | $0.30 | $30 |
| If 1 pip is $0.10 | $3.00 | $300 |
So turn any pip number from a video or a signal into a dollar move before you place the order. MT5 itself counts points and never pips, so the dollar move is the one number that means the same thing everywhere.
Why Is the Gold Spread Easier to Compare in Dollars?
On gold, the spread in MT5 points can mislead you, because Exness shows one more decimal than XM, HFM and XS. So the same dollar spread shows ten times as many points at Exness.
The table below shows the 24-hour average spread on gold in the account that most new clients open at each broker.
| Spread in MT5 | Spread in dollars | |
|---|---|---|
| XM Standard account | 55 points | $0.55 an ounce |
| HFM Premium account | 35 points | $0.35 an ounce |
| XS Standard account | 19 points | $0.19 an ounce |
| Exness Standard account | 243 points | $0.24 an ounce |
Exness Standard shows 243 points and XM Standard shows 55, but the spread at Exness costs less. In dollars, a 1-lot trade paid about $24 in spread at Exness and about $55 at XM. So when you compare brokers or accounts on gold, compare the spread in dollars per ounce or per lot, never in points.
The spread also changes through the day, and some accounts charge a commission instead of a wide spread. Our lowest spread comparison shows every account at the four brokers in dollars per lot, commission included.
How Do You Set a Stop-Loss on Gold in Dollars?
On gold, start from the dollars you are ready to lose, divide them by the ounces you trade, and place the stop-loss that many dollars from your entry. You never need to count pips for this.
Stop-loss on 0.1 lot of gold
Dollars you are ready to lose$50.00
Ounces in 0.1 lot÷ 10
Your stop-loss distance$5.00
So on a buy at 4,150.00, the stop-loss goes at 4,145.00. On a sell, the stop-loss goes $5.00 higher than your entry.
If that distance is too close to your entry for the way you trade, trade a smaller lot instead of moving the stop-loss, because fewer ounces give the same risk a wider stop-loss.
The lot size calculator works this out for you. You enter your balance, your risk and your stop-loss, and it shows the lot size for gold at today’s price.
Questions People Ask About Pips on Gold
- How many pips is $1 on gold?
-
On gold, a $1 move is 10 pips when one pip is $0.10. When a guide counts $0.01 as one pip, the same move is 100 pips. In MT5, the move is 100 points at XM, HFM and XS. Exness shows one more decimal, so the same move is 1,000 points there.
- How much is 1 pip on gold worth on 0.01 lot?
-
On 0.01 lot of gold, a $0.10 move in the price makes or loses $0.10. 0.01 lot is 1 ounce, so the dollars you make or lose equal the move in the price. If a guide counts $0.01 as one pip, one pip on 0.01 lot is worth $0.01. On currency pairs, a pip is one fixed step in the price, and our pip value guide shows what it is worth on each lot size.
- Why does gold have three decimals in my MT5?
-
Your broker quotes gold to three decimals, as Exness does. The third decimal is a step of $0.001, so a $1 move is 1,000 points on that chart. The dollars you make or lose on the move are the same as at a broker with two decimals.
Which Page Do You Need Next?
If you are planning a gold trade, start with the lot size calculator, because it turns your risk in dollars into a lot size. The other pages show what 0.01 lot of gold is worth, which accounts cost the least on gold, and when the gold market is open.
Where the figures come from:
Sources and how the figures are worked out
Contract size and decimals
Our data collection programs read the gold symbol specification from MT5 at each broker: GOLD at XM, XAUUSD at HFM and Exness, and XAUUSDs at XS for the Standard account. We read the contract size and the number of decimals on 13 October 2026. On every trading account in our swap calculators, 1 lot of gold is 100 ounces. XM, HFM and XS quote gold to two decimals, and Exness to three.
The spreads
The spreads are 24-hour averages for 1 lot, as our rebates ranking showed them on 13 October 2026 at 18:05 UTC. The ranking takes the spread from MT5 every 30 minutes. The dollar spread per ounce is the spread for 1 lot divided by 100, and the points are that dollar spread divided by the broker’s point. The accounts are XM Standard, HFM Premium, XS Standard and Exness Standard, which charge no commission on gold.
The examples
The trade examples use a gold price of 4,150.00, close to the price on 13 October 2026. Profit or loss is the move in the price × the ounces you trade, and 0.01 lot of gold is 1 ounce.
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