Micro Gold specifications
Commodity Exchange Inc. (COMEX), metals
- Tick
- $10.1 per tick
- One point
- $10per contract
- Initial margin
- $2,222exchange, as of 27 Oct 2026
- Front contract
- MGCZ26roll by 25 Nov 2026
Specs checked as of How we source this
Contract terms
| Symbol | MGC |
|---|---|
| Exchange | Commodity Exchange Inc. (COMEX) |
| Contract unit | 10 troy ounces |
| Price quotation | USD per troy ounce |
| Tick size | 0.1 |
| Tick value | $1 per contract |
| Value of one point | $10 per contract |
| Currency | USD |
| Contract months | Feb (G), Apr (J), Jun (M), Aug (Q), Oct (V), Dec (Z) |
| Settlement * | Physical delivery |
| Trading hours | CME Globex. Sunday open 17:00 CT, Friday close 16:00 CT, 60-minute daily maintenance break. Hours in your time zone |
| Expiry | Last trade: 3rd last business day of the contract month. First notice: last business day of the month before. Next expiries |
| Exchange specification | https://www.cmegroup.com/markets/metals/precious/e-micro-gold.contractSpecs.html |
* Not confirmed against the exchange. See below.
Not verified
settlement: Settlement method not cross-checked against a second source.
What these terms mean
The Micro Gold futures contract (MGC) is listed on Commodity Exchange Inc.. One contract represents 10 troy ounces, and prices are quoted in USD per troy ounce. The minimum price movement, or tick, is 0.1, worth $1 per contract. A move of one full point is therefore worth $10 per contract, and every profit, loss and margin figure for MGC scales from those two numbers.
MGC is listed for these contract months: Feb (G), Apr (J), Jun (M), Aug (Q), Oct (V), Dec (Z). MGC is physically delivered: holding a position into the delivery period can create an obligation to make or take delivery, which is why speculative traders normally close or roll before the first notice day or last trading day. The rollover page lists the next expiries and the dates that matter for each.
The values on this page come from the exchange's own contract specification and were last checked on 27 Oct 2026. Exchanges amend contract terms from time to time, most often trading hours and tick sizes. Where a value here disagrees with the exchange, the exchange is right; the methodology page explains how each field is checked, and any field we have not confirmed against the exchange is marked on this page.
Related contracts
- Gold (GC): tick value $10
Compare
- GC vs MGC: Gold and Micro Gold
Sources
- https://www.cmegroup.com/markets/metals/precious/e-micro-gold.contractSpecs.html: primary reference for all contract terms; linked, not machine-read (cmegroup.com blocks automated access) 2026-10-27
- https://www.ampfutures.com/trading-info/contract-specifications: cross-check of tick size, tick value, contract unit and months; secondary source (broker page) 2026-10-27
Questions
- What is the tick size of MGC?
- The minimum price movement of Micro Gold futures is 0.1, worth $1 per contract.
- How much is one point of MGC worth?
- One full point is worth $10 per contract.
- Is MGC cash-settled or physically delivered?
- MGC is physically delivered.