MGC tick value and contract specs
Micro Gold futures on COMEX: what one tick is worth, the full exchange specification, and what a move costs on a prop firm account.
What is the MGC tick value?
One MGC tick is $0.10 per ounce, worth $1 per contract. A $1.00 move per ounce is worth $10, so a move of $10 per ounce is 100 ticks, or $100 on one contract.
MGC contract specifications
From CME Group, read 2026-09-22.
Specification
Value
Source: CME Group - Micro Gold contract specs, retrieved 2026-09-22. Margin is omitted: it changes often and differs by broker.
MGC ticks to dollars
Profit or loss = ticks moved × tick value × contracts.
Price move
Ticks
1 contract
5 contracts
10 contracts
MGC and prop firm drawdown
A prop firm’s drawdown limit is a dollar amount, so the useful question is how far the market can move against you before you hit it. On a $2,000 limit, one MGC contract has $200 per ounce (2,000 ticks) of room; five contracts have $40 per ounce (400 ticks). A trailing drawdown shrinks that room as open profit is given back, so measure from where the limit is now, not where it started.
MGC trading hours
Central Time (CT)
Eastern Time (ET)
Daily break
CME sets hours in Chicago time. ET is always CT + 1 hour, because both zones change for daylight saving on the same dates.
MGC hours and holidays
MGC trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. See whether it is open right now, in your own time zone, on the futures market hours page. Holidays close or shorten the session - the CME holiday schedule for 2026 lists every one.
MGC contract months
Any February, April, June, August, October and December in the nearest 24 months.
Month code
Month
Example symbol
MGCZ26 is the December 2026 contract.
Reading a contract symbol
A full symbol is the product code, the month code and the year. How the codes work, and when volume rolls to the next contract, is on the futures month codes page.
MGC micro and mini
MGC other sizes
GC (Gold) tracks the same market at ten times the size of MGC: one tick is worth $10, against $1.
Sizing in the smaller contract lets you scale a position in finer steps, at the cost of paying commission on more contracts. Micro vs mini futures compares every pair.
Which prop firms allow MGC?
Prop firms and MGC
Each futures prop firm publishes its own list of permitted products and its own contract limits, and many count micros differently from minis. We do not yet record those lists symbol by symbol, so this page does not name firms rather than guess. Compare futures prop firms and check the firm’s rules page for MGC before you buy an evaluation.
FAQs - MGC
Facts checked 2026-09-22 against CME Group contract specifications.
One MGC tick is $0.10 per ounce, worth $1 per contract. A $1.00 move per ounce is worth $10, so a move of $10 per ounce is 100 ticks, or $100 on one contract.
A $1.00 move per ounce is worth $10 per MGC contract: 10 ticks of $1.
MGC trades on CME Globex Sunday–Friday 5:00 pm – 4:00 pm CT (6:00 pm – 5:00 pm ET), with a daily maintenance break from 4:00 pm to 5:00 pm CT. In Eastern Time that is Sun 6:00 pm – Fri 5:00 pm. Holidays shorten or close sessions.
Any February, April, June, August, October and December in the nearest 24 months. Month codes: G (Feb), J (Apr), M (Jun), Q (Aug), V (Oct), Z (Dec).
MGC is physically delivered. Last trading day: The third last business day of the contract month. Most traders roll to the next contract month before then.
CME Group sets the exchange margin for MGC and changes it often, and brokers set their own day-trading margins on top. A prop firm account does not post margin: the firm’s drawdown limit and contract limit cap the risk instead. For a current exchange figure, check CME Group’s margin page for the contract.
GC (Gold) tracks the same market at ten times the size of MGC. One GC tick is worth $10, against $1 for MGC.
Related reference
More futures reference, and where these rules meet prop firm terms.
GC - Gold contract specs
SI - Silver contract specs
SIL - 1,000-oz Silver contract specs
HG - Copper contract specs
Futures contract specs: all contracts
Futures market hours: open now?
CME holiday schedule 2026
Futures tick values explained
Futures contract month codes
Micro vs mini futures
Futures prop firms compared
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