Micro Gold Futures (MGC) — Contract Specifications
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 |
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 |