1-Ounce Gold Futures (1OZ) — Contract Specs
COMEX · Metals · 1 troy ounce vs 100 troy ounces for GC
The smallest gold contract CME lists — 1/100 of GC. Cash settled, so there is no delivery process and no first notice day to manage. Moved to 24/7 trading on 24 July 2026.
Contract specifications
| Exchange symbol | 1OZ |
|---|---|
| Exchange | COMEX |
| Contract size | 1 troy ounce |
| Minimum tick | $0.25 per troy ounce |
| Value per tick | $0.25 |
| Contract months | Feb, Apr, Jun, Aug, Oct, Dec, listed 24 months outMonth codes: G, J, M, Q, V, Z |
| Settlement | Cash settled to the 100 oz Gold futures contract |
| Trading hours | 24/7 on CME Globex (since 24 July 2026) |
| Smaller version of | GC |
Where these figures come from
Compiled from the exchanges' published contract specifications (CME, CBOT, NYMEX, COMEX). Last reviewed .
Every contract is checked for internal consistency: the tick value must equal the contract size multiplied by the tick. All 41 agree, including the interest-rate contracts quoted in fractions of a thirty-second of a point.
These figures are NOT independently verified against the exchange. We do not fetch cmegroup.com - it refuses our requests and its terms do not permit it - so an exchange that changes a contract specification will not be reflected here until someone reviews it by hand. Check with the exchange or your broker before trading on them.
What one tick is worth
The minimum price increment is $0.25 per troy ounce. Because the contract covers 1 troy ounce, each tick is worth $0.25 per contract. That is the appeal of the smaller size: identical price exposure per tick as GC, at a fraction of the notional.
This contract is cash settled, so there is no delivery obligation and no first notice day. Positions settle in cash against the reference price.
Other contracts on this market
| Contract | Size | Per tick |
|---|---|---|
| Gold GC · COMEX | 100 troy ounces | $10.00 |
| Micro Gold MGC · COMEX | 10 troy ounces | $1.00 |