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

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

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

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

Nano Contract - the trading volume is equal to 1 hundredth of mini 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.

Nano Contracts - for the Nano Gold Trading Contracts the trading volume is equal to 1 hundredth of mini gold lot is referred to as one Nano lot or one gold trading Nano lot. For Nano Contract pip value is equal to $0.01 or 1 Cent.