What is Difference Between Gold Standard Contract & Micro Contract?

What is Difference Between XAUUSD Standard Contract & Micro Contract in XAUUSD Trading?

The difference between Gold Standard Contract & Gold Trading Micro Contract is the trading volume of the gold trading transaction that is opened using the Standard Contract & that which is opened using Gold Trading Micro Contract.

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

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

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

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