What is the tick value for MGC?

$1.00 per tick — a 0.1 tick size × a $10 multiplier (point value).

What is one MGC contract worth?

One contract represents 10 troy ounces of gold. Notional value = price × $10; use the tick value calculator with the current price for an exact figure.

Which exchange lists MGC?

Micro Gold (MGC) trades on the COMEX.

What are the trading hours for MGC?

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 MGC?

Margin is roughly one-tenth of full-size GC and varies by broker with gold volatility.

How is P&L calculated for MGC?

P&L = (exit price − entry price) ÷ 0.1 tick size × $1.00 tick value × number of contracts. Use the tick value calculator to compute this directly.

COMEX

Micro Gold (MGC) Tick Value & Contract Specs

Tick value $1.00 per tick — 10 troy ounces of gold.

Ten ounces of gold per contract: Micro Gold (MGC) is the one-tenth-scale version of COMEX GC, built for traders who want gold futures exposure without $100-per-dollar swings. The tick is the same $0.10 increment in the quoted price, but each tick is worth $1.00 and a full dollar move in gold is $10 per contract. A $30 gold rally that moves GC by $3,000 moves MGC by $300.

MGC has become one of the most actively traded micro contracts, and liquidity during US and Asian hours is deep enough for retail execution. It shines in three situations: sizing gold positions to a precise dollar risk, averaging into a longer-term metal position in small increments, and trading gold's news-driven spikes with stops a small account can genuinely honour. The specs table below has the exact figures, and the calculator underneath is pre-filled with MGC's multiplier and tick size for instant P&L math.

Exchange: COMEX
Contract size: 10 troy ounces of gold
Tick size: 0.1
Tick value: $1.00
Point value (multiplier): $10
Trading hours: Sun–Fri 6:00pm–5:00pm ET, with a daily trading halt 5:15pm–6:00pm ET
Margin: Margin is roughly one-tenth of full-size GC and varies by broker with gold volatility.

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

How MGC 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 MGC, that is 0.1 × $10 = $1.00 per tick, per contract.

One contract represents 10 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 MGC?: $1.00 per tick — a 0.1 tick size × a $10 multiplier (point value).
What is one MGC contract worth?: One contract represents 10 troy ounces of gold. Notional value = price × $10; use the tick value calculator with the current price for an exact figure.
Which exchange lists MGC?: Micro Gold (MGC) trades on the COMEX.
What are the trading hours for MGC?: 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 MGC?: Margin is roughly one-tenth of full-size GC and varies by broker with gold volatility.
How is P&L calculated for MGC?: P&L = (exit price − entry price) ÷ 0.1 tick size × $1.00 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 2026-07-07. Exchanges can amend contract specs — always confirm against the exchange or your broker before trading.