Calculate the notional USD value represented by a gold futures position. Enter the quoted price, the contract quantity and number of contracts so you can see gross market exposure before considering margin.
Price × contract size × contracts.
Notional value represents the gross market exposure. Futures margin is a separate concept and can be much smaller than the notional value. This is one reason futures positions can produce significant gains or losses relative to the cash posted.
Different gold futures products can use different contract sizes and pricing conventions. This calculator therefore asks you to enter the contract quantity instead of assuming a specific exchange contract.
Price multiplied by contract size.
The market value represented by the position.
No.
Yes.
No. Use the futures profit/loss calculator.