Risk Warning: CFDs and forex trading involve significant risk of loss. Leveraged products can result in losses exceeding your deposit. This calculator is for educational purposes only and does not constitute financial advice.
Commodity Contract Value Calculator
Calculate the total notional value of commodity contracts. Instantly convert lots to dollar exposure for gold, silver, oil, or any commodity instrument.
Formula
Contract value formula
Value Per Contract
Contract Size × Price × Quote→Account Rate
Total Value
Contracts × Value Per Contract
Worked Example
Given
2 Gold contracts · Contract size = 100 oz · Price = $2,500 · USD account
- Value Per Contract
- 100 × $2,500 × 1.0 = $250,000
- Total Value
- 2 × $250,000 = $500,000
Frequently Asked Questions
- What is contract value?
- Contract value is the total notional exposure of your position: Contract Size × Price × Quote→Account Rate per lot. For 1 lot of gold at $2,500/oz with a 100 oz contract size, the contract value is $250,000. Multiplied by the number of lots gives the total economic exposure of your position.
- Why does contract value matter?
- Contract value determines your actual market exposure before leverage. If you hold $500,000 notional on a $50,000 account, your effective leverage is 10:1. Knowing your contract value lets you calculate this exposure and ensure it matches your risk plan.
- What are typical commodity contract sizes?
- Standard retail OTC commodity CFD contract sizes: XAUUSD (Gold) = 100 troy oz. XAGUSD (Silver) = 5,000 troy oz. USOIL (WTI Crude) = 1,000 barrels. UKOIL (Brent Crude) = 1,000 barrels. Natural Gas = 10,000 MMBtu. These are typical — always verify with your broker's contract specification.
- Is this the same as futures notional value?
- Conceptually yes, but futures contract sizes differ from retail OTC sizes. An E-mini S&P 500 futures (ES) contract has a different multiplier from an S&P 500 CFD. For futures, use the Futures Tick Value calculator which references official CME/NYMEX/COMEX contract specifications.