Leverage Calculator for Gold (XAUUSD)
A gold leverage calculator turns a size in ounces or lots into notional, margin, liquidation price and profit. Margin is price × ounces ÷ leverage: one 100 oz lot at 4,125 is $412,500 of exposure and needs $20,625 at 20x. Every $1 the gold price moves is worth $100 per lot.
Size the position the way your platform does, in ounces or lots, then read margin, liquidation and P&L from the same inputs. For per-pip sizing from a risk budget use the pip and lot size calculator; for CME gold contracts see the tick value calculator.
Last updated · How these numbers are calculated
Results
- Ounces
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- Lots
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- Notional
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- Margin
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- Margin per lot
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- P&L per $1 move
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- Value of one pip
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- Liquidation (generic)
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- Move to liquidation
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- Liquidation (LeverUp rule)
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At exit
- Net P&L (after fees)
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- Net ROE
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The exit price is beyond the generic liquidation price: the margin is lost.
Worked example: one lot of gold at 5x to 25x
Ounces, lots and pips are only different ways to count the same exposure. The first table sizes the position; the second fixes it at one lot and changes leverage.
| Size | Ounces | Notional | Margin at 20x | P&L per $1 move | Per $0.01 pip | Per $0.10 pip |
|---|---|---|---|---|---|---|
| 1 lot | 100 oz | $412,500 | $20,625.00 | $100.00 | $1.00 | $10.00 |
| 0.5 lots | 50 oz | $206,250 | $10,312.50 | $50.00 | $0.50 | $5.00 |
| 0.1 lots | 10 oz | $41,250 | $2,062.50 | $10.00 | $0.10 | $1.00 |
| 0.01 lots | 1 oz | $4,125 | $206.25 | $1.00 | $0.01 | $0.10 |
| Leverage | Margin for 1 lot | Liquidation (generic) | Move to liquidation | Liquidation (LeverUp rule) | P&L at +$10 | P&L at −$10 |
|---|---|---|---|---|---|---|
| 5x | $82,500 | 3,320.63 | 19.50% | 3,423.75 | +$1,000.00 | −$1,000.00 |
| 10x | $41,250 | 3,733.13 | 9.50% | 3,774.38 | +$1,000.00 | −$1,000.00 |
| 20x | $20,625 | 3,939.38 | 4.50% | 3,949.69 | +$1,000.00 | −$1,000.00 |
| 25x | $16,500 | 3,980.63 | 3.50% | 3,984.75 | +$1,000.00 | −$1,000.00 |
Assumptions: generic isolated model with MMR = min(0.5%, 0.5 ÷ L); the LeverUp column uses its margin-loss rule (85% of margin up to 100x), and the GOLD cap shown in the LeverUp app is 25x as of 2026-10-19, so leverage above that is not available there. 1 lot = 100 oz is a common CFD convention, not a rule; a pip of $0.01 and $0.10 are both used by brokers. The 4,125 price is an example, not a quote. Funding is excluded: see the gold funding rate page for that. Full formulas and data dates: methodology.
Gold lot size: how many ounces in a lot
On many forex and CFD platforms one standard lot of XAUUSD is 100 troy ounces, a mini lot 10 oz and a micro lot 1 oz. That is a convention of the platform, not a law, and some brokers use other contract sizes. Perpetual-style markets usually size by USD notional or by quantity of the underlying, with no lots at all. Whatever the unit, the exposure is ounces × price, and the calculator above converts between them.
To get a lot size from a risk budget, divide the dollars you will risk by the stop distance in dollars per ounce and by the ounces per lot. The pip and lot size calculator does this from a stop in pips.
Gold PnL calculator: what a move is worth
Profit on gold is ounces × (exit − entry) for a long and the reverse for a short, minus fees. One ounce moves by the dollar change, so a 100 oz lot gains or loses $100 for every $1 and $1,000 for every $10. Leverage does not change that dollar result; it changes how much margin is tied up, so the percentage return on margin is the dollar profit divided by margin. Enter an exit price above to see net P&L and ROE.
Pip and tick value for gold
Gold has no universal pip. This page lets you pick $0.01 or $0.10, the two conventions brokers use. On a 100 oz lot a $0.01 pip is $1 and a $0.10 pip is $10, matching the gold pip note on the pip calculator. CME gold futures (GC) have a $0.10 tick worth $10 per contract of 100 oz; see the futures tick value calculator.
Leverage limits and liquidation
The generic column uses a maintenance margin of min(0.5%, 0.5 ÷ leverage) and ignores fees. The LeverUp column uses that venue's margin-loss rule, which closes the position when 85% of margin is lost; the GOLD market is capped at 25x in the LeverUp app as of 2026-10-19. Other venues and brokers set their own caps, tiers and stop-out levels, and gold can gap over weekends and news, so treat liquidation prices as estimates and check them with your venue.
Holding a gold perp also costs or earns funding. The calculator leaves it out; current rates by venue are on the gold funding rate page of fundingrates.app.
FAQ
How much margin do I need for 1 lot of gold?
Margin = price × 100 oz ÷ leverage. At the example price of 4,125, one lot is $412,500 of exposure, so it needs $20,625 at 20x. Your broker's margin requirement may differ.
How many ounces is one lot of gold?
Commonly 100 troy ounces for a standard XAUUSD lot, 10 for a mini and 1 for a micro. This is a platform convention, so confirm the contract size with your broker.
How do I calculate profit on gold?
Multiply the ounces by the price change: a long earns ounces × (exit − entry). One 100 oz lot makes $100 for each $1 the price rises, before fees and funding.
What is a pip in gold?
It depends on the broker: $0.01 and $0.10 are both common. On a 100 oz lot that is $1 or $10 per pip, so check which one your platform quotes before sizing a stop in pips.
What leverage can I use on gold?
It depends on the venue. The LeverUp app shows a 25x cap for GOLD as of 2026-10-19; brokers and exchanges publish their own limits, which can change with regulation and market conditions.
Related: pip and lot size · CME gold tick value · liquidation price calculator · methodology · Trade with LeverUp via partner link (not advice).