# MGC Tick Value & Contract Specs (Micro Gold)

> 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.

**Source:** https://propfirmpal.com/futures/contracts/mgc  
**Generated:** 2026-09-25  
**Publisher:** Prop Firm Pal — independent prop firm comparison

_Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._

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MGC (Micro Gold) ticks in $0.10 per ounce, worth $1 per contract. CME specs, P&L per move, hours and months.

## Contract specifications

| Specification | Value |
| --- | --- |
| Contract | Micro Gold (MGC) |
| Exchange | COMEX (CME Group) |
| Asset class | Metals |
| Contract unit | 10 troy ounces |
| Price quotation | US dollars and cents per troy ounce |
| Tick size | $0.10 per ounce |
| Tick value | $1 per contract |
| Value of a $1.00 move per ounce | $10 |
| Contract months | G (Feb), J (Apr), M (Jun), Q (Aug), V (Oct), Z (Dec) |
| Trading hours | 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. |
| Settlement | Physically delivered |
| Last trading day | The third last business day of the contract month. |

_Source: [CME Group — Micro Gold contract specs](https://www.cmegroup.com/markets/metals/precious/e-micro-gold.contractSpecs.html), retrieved 2026-09-22._

## Ticks to dollars

| Price move | Ticks | 1 contract | 10 contracts |
| --- | --- | --- | --- |
| $0.10 per ounce | 1 | $1 | $10 |
| $1 per ounce | 10 | $10 | $100 |
| $10 per ounce | 100 | $100 | $1,000 |

## Trading hours

| Central Time (CT) | Eastern Time (ET) | Breaks |
| --- | --- | --- |
| Sun 5:00 pm – Fri 4:00 pm | Sun 6:00 pm – Fri 5:00 pm | 4:00–5:00 pm CT (5:00–6:00 pm ET), Mon–Thu |

## Other sizes

- [GC — Gold](https://propfirmpal.com/futures/contracts/gc): $10 per tick.

## Which prop firms allow this contract

Prop Firm Pal does not yet record firms' permitted products symbol by symbol, so no firms are named here. Compare futures prop firms at https://propfirmpal.com/futures and check each firm's rules for MGC.

## Frequently asked questions

### What is the tick value of MGC?

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.

### How much is a $1.00 move per ounce worth on MGC?

A $1.00 move per ounce is worth $10 per MGC contract: 10 ticks of $1.

### What are MGC trading hours?

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.

### What months does MGC trade?

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).

### Is MGC cash-settled?

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.

### What is the margin for MGC?

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.

### What is the difference between MGC and GC?

GC (Gold) tracks the same market at ten times the size of MGC. One GC tick is worth $10, against $1 for MGC.

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