MGC tick value & contract specs
Micro Gold (MGC) futures trade on COMEX. The price moves in ticks of 0.1, each tick is worth $1 per contract, and a full one-point move is worth $10 per contract.
MGC contract specifications
| Symbol | MGC |
|---|---|
| Contract | Micro Gold |
| Exchange | COMEX |
| Tick size | 0.1 |
| Tick value (per contract) | $1 |
| Point value (per contract) | $10 |
| Ticks per point | 10 |
| Electronic hours (ET) | Sun–Fri 6:00pm – 5:00pm, daily break 5:00–6:00pm |
Hours shift around US holidays and early closes. Check CME Group's trading-hours page before relying on them for a specific date.
This is the smaller version of GC (Gold), which is worth $10 per tick. GC specs →
MGC ticks to dollars
10 ticks × 1 contract = $10
MGC tick value table
Dollar value of a move in MGC before commissions, at $1 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $1 | $2 | $5 | $10 |
| 4 | $4 | $8 | $20 | $40 |
| 10 | $10 | $20 | $50 | $100 |
| 20 | $20 | $40 | $100 | $200 |
| 40 | $40 | $80 | $200 | $400 |
Worked example
You buy 2 MGC contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $1 × 2 contracts = $20. The same move against you is a loss of the same amount.
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Start free trial →Frequently asked questions
$1 per contract. MGC moves in increments of 0.1, and each increment changes the value of one contract by $1.
$10 per contract. One point is 10 ticks of 0.1.
No. They are gross values from price movement alone. Your net result is lower by your broker's or prop firm's per-side fees; the fee guide lists current rates.
More contracts: Metals
Futures P&L calculator with MGC selectedFutures Position Size Calculator (Free, No Signup) — FillbookGold Trading Journal — FillbookAll futures tick values
These are the tick and point values Fillbook uses to calculate P&L on every logged MGC trade. Confirm specifications with the exchange before trading.