What is Difference Between Gold Trading Standard Contract & Mini Contract?

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

The difference between Gold Trading Standard Contract & Gold Trading Mini Contract is the trading volume of the gold trading transaction that is opened using the Standard Contract & 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 equivalent to 1 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 Lot. For Standard Contract the pip value is equal to $10.

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