Micro Gold Futures (MGC) — Contract Specs
COMEX · Metals · 10 troy ounces vs 100 troy ounces for GC
One tenth of GC. Still physically deliverable — unlike Micro WTI, the micro size does not change the settlement mechanism.
Contract specifications
| Exchange symbol | MGC |
|---|---|
| Exchange | COMEX |
| Contract size | 10 troy ounces |
| Minimum tick | $0.10 per troy ounce |
| Value per tick | $1.00 |
| Contract months | Feb, Apr, Jun, Aug, Oct, DecMonth 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 |
| 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 $0.10 per troy ounce. Because the contract covers 10 troy ounces, each tick is worth $1.00 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 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 |
|---|---|---|
| Gold GC · COMEX | 100 troy ounces | $10.00 |
| 1-Ounce Gold 1OZ · COMEX | 1 troy ounce | $0.25 |