What's Difference Between XAUUSD Standard Contract and Micro Contract?

What's Difference Between XAUUSD Standard Contract and Micro Contract in XAUUSD?

The difference between XAUUSD Standard Contract and XAUUSD Micro Contract is the trading volume of the xauusd transaction that's opened using the Standard Contract & that which is opened using XAUUSD Micro Contract.

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

Micro Contract - the trading volume is equivalent to one hundredth of standard gold trading lot

Standard Contracts - for the Standard XAUUSD Contracts the trading volume is equal to 1 xauusd lot is also referred to as 1 Standard lot or 1 XAUUSD Lot. For Standard Contract the pip value is equal to $10.

Micro Contracts - for the Micro XAUUSD Contracts the trading volume is equivalent to one hundredth of standard xauusd lot is referred to as one Micro lot or one xauusd Micro lot. For Micro Contract the pip value is equal to $0.1 or 10 Cents.