What is the tick value for GC?

$10.00 per tick — a 0.1 tick size × a $100 multiplier (point value).

What is one GC contract worth?

One contract represents 100 troy ounces of gold. Notional value = price × $100; use the tick value calculator with the current price for an exact figure.

What are the trading hours for GC?

Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:15pm–6:00pm ET.

How much margin do I need to trade GC?

Margin varies by broker and typically moves with gold price volatility.

How is P&L calculated for GC?

P&L = (exit price − entry price) ÷ 0.1 tick size × $10.00 tick value × number of contracts. Use the tick value calculator to compute this directly.

COMEX

Gold (GC) Tick Value & Contract Specs

Tick value $10.00 per tick — 100 troy ounces of gold.

COMEX Gold (GC) is the world's most liquid gold futures contract: 100 troy ounces per contract, priced in dollars per ounce. The tick is $0.10 per ounce, worth $10 per contract, and every one-dollar move in the gold price is $100 per contract. At $2,400 gold, that makes one GC contract worth $240,000 of notional metal — leverage that deserves respect on both sides of a trade.

Gold trades nearly around the clock and responds to a distinct set of drivers: real interest rates, the dollar index, central-bank buying and safe-haven flows. Sessions where gold moves $30–$50 are not rare, and at $100 per dollar that is $3,000–$5,000 per contract. Traders who want gold exposure with a smaller unit use Micro Gold (MGC) at exactly one-tenth the size. Whatever the size, run entry, stop and contract count through the pre-filled calculator below so the dollar risk is known before the position exists.

Exchange: COMEX
Contract size: 100 troy ounces of gold
Tick size: 0.1
Tick value: $10.00
Point value (multiplier): $100
Trading hours: Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:15pm–6:00pm ET
Margin: Margin varies by broker and typically moves with gold price volatility.

Open in the tick value calculator, pre-filled for GC

How GC tick value works

Tick value is the dollar amount one futures contract gains or loses when the price moves one minimum increment (one tick).

tick value = tick size × multiplier. For GC, that is 0.1 × $100 = $10.00 per tick, per contract.

One contract represents 100 troy ounces of gold. P&L for a move from entry to exit is (exit − entry) ÷ tick size × tick value × contracts.

Frequently asked questions

What is the tick value for GC?: $10.00 per tick — a 0.1 tick size × a $100 multiplier (point value).
What is one GC contract worth?: One contract represents 100 troy ounces of gold. Notional value = price × $100; use the tick value calculator with the current price for an exact figure.
Which exchange lists GC?: Gold (GC) trades on the COMEX.
What are the trading hours for GC?: Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:15pm–6:00pm ET.
How much margin do I need to trade GC?: Margin varies by broker and typically moves with gold price volatility.
How is P&L calculated for GC?: P&L = (exit price − entry price) ÷ 0.1 tick size × $10.00 tick value × number of contracts. Use the tick value calculator to compute this directly.

More futures contract specs

See all futures contract specs or use the futures contract & tick value calculator with any symbol or custom specs.

Specs last reviewed 2026-06-01. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.