Gold Futures (GC) — Contract Specifications
COMEX · Metals
The benchmark gold contract. At current prices one contract controls well over $400,000 of gold, which is why the smaller sizes exist.
Contract specifications
| Exchange symbol | GC |
|---|---|
| Exchange | COMEX |
| Contract size | 100 troy ounces |
| Minimum tick | $0.10 per troy ounce |
| Value per tick | $10.00 |
| Contract months | Feb, Apr, Jun, Aug, Oct, Dec (plus nearby serial months)Month codes: G, J, M, Q, V, Z |
| Settlement | Physical delivery |
| Trading hours | Sun–Fri 18:00–17:00 ET, 60-minute break each day at 17:00 ET |
What one tick is worth
The minimum price increment is $0.10 per troy ounce. Because the contract covers 100 troy ounces, each tick is worth $10.00 per contract.
This contract is physically delivered. Holding it past first notice day starts the delivery process, so traders without a use for the underlying normally close or roll well before then — see how rollover works.
Other contracts on this market
| Contract | Size | Per tick |
|---|---|---|
| Micro Gold MGC · COMEX | 10 troy ounces | $1.00 |
| 1-Ounce Gold 1OZ · COMEX | 1 troy ounce | $0.25 |
| Silver SI · COMEX | 5,000 troy ounces | $25.00 |