How many ounces is a gold mini lot?

Ten troy ounces, which is 0.10 of the standard 100-ounce XAUUSD contract.

What is the smallest gold position I can take?

Most brokers allow 0.01 lots, which is one troy ounce, so a $1.00 gold move is roughly $1. A few set the minimum at 0.10.

Is trading mini lots on gold worth it?

For accounts under about $10,000 it is usually the only way to keep single-trade risk near one percent while placing stops at genuine invalidation levels rather than arbitrary distances.

Do mini lots have worse spreads?

The spread is quoted per symbol, not per size, so it is the same. The cost simply scales with your position: a $0.30 spread costs about $30 on 1.00 lot and $3 on 0.10 lot.

WHAT IS A MINI LOT ON GOLD?

A gold mini lot is a 0.10 position on the standard 100-ounce XAUUSD contract, representing ten troy ounces of exposure, so a one dollar move in the gold price produces approximately ten dollars of profit or loss. A micro lot of 0.01 is one ounce and moves about one dollar per dollar of gold.

Because gold routinely travels fifteen to thirty dollars in a single London or New York session, fractional lot sizing is what allows a stop to sit at the technical invalidation level while single-trade risk stays close to one percent of account equity. Risk percentage is chosen first and lot size is solved from the stop distance, never the reverse.