What's the Difference Between Standard Contract and Mini Contract?

What is the Difference Between Standard Contract and Mini Contract in XAUUSD?

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

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

Mini Contract - the trading volume is equal to 1 tenth of standard gold trading lot

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

Mini Contracts - for the Mini XAUUSD Contracts the trading volume is equivalent to 1 tenth of standard lot or one xauusd mini lot. For Mini Contract the pip value is equivalent to $1.