What is the Difference Between Gold Trading Standard Contract and Mini Contract?

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

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

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

Mini Contract - the trading volume is equal to one tenth of the 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.

Mini Contracts - for the Mini Gold Trading Contracts the trading volume is equal to one tenth of the standard gold lot or one gold trading mini lot. For Mini Contract the pip value is equal to $1.