Compare pip values across forex pairs, INR crosses, gold, silver, NAS100, US30 and Bitcoin — all priced in Indian rupee at today's reference rates.
Each instrument class has its own pip convention. Find the class, read the rule, then check the worked example against the matrix above — the two should agree.
| Instrument class | Pip | Standard lot | Pip value rule | Worked example |
|---|---|---|---|---|
| Major & cross pairs | 0.0001 | 100,000 units | pip × 100,000 × lot × (quote → account) | EUR/USD, USD account: $10.00 per lot |
| JPY-quoted pairs | 0.01 | 100,000 units | pip × 100,000 × lot × (JPY → account) | USD/JPY: 1,000 JPY per lot, converted live |
| Gold (XAU/USD) | 0.01 | 100 troy oz | fixed — independent of the gold price | $1.00 per lot |
| Silver (XAG/USD) | 0.01 | 5,000 troy oz | fixed — independent of the silver price | $50.00 per lot |
| Indices (NAS100, US30) | 1 point | broker contract | point value set by the broker, not by a convention | ≈ $1.00 per point — verify in MT4 |
All nine bars are one pip on one standard lot. Silver's pip is worth fifty times gold's, because a silver lot is 5,000 ounces against gold's 100 — the pip size is the same cent in both. Bars for pairs quoted in another currency are converted at the live rate, so they move during the day.