1-Ounce Gold Futures (1OZ) — Contract Specifications
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 |
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 |