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

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

The difference between Gold Trading Standard Contract and Gold Trading Nano 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 Nano Contract.

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

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