Contract specs
MGC futures: tick size, tick value and specs.
Micro Gold (MGC) on COMEX: one tick is 0.1 points and is worth $1 per contract; one full point is worth $10.
| Symbol | MGC |
|---|---|
| Name | Micro Gold |
| Exchange | COMEX |
| Tick size | 0.1 |
| Tick value | $1 |
| Point value | $10 |
| Contract months | G J M Q V Z |
| Trading hours | CME Globex: Sunday to Friday, 6:00 p.m. to 5:00 p.m. New York time, with a daily one-hour break from 5:00 to 6:00 p.m. |
Specifications for guidance only. Always check the official CME Group contract page before trading.
GC is the full-size version of MGC: one MGC = 1/10 GC. GC →
What a stop costs on MGC
| Stop | 1 contract | 5 contracts |
|---|---|---|
| 20 ticks (2 pts) | $20 | $100 |
| 50 ticks (5 pts) | $50 | $250 |
| 100 ticks (10 pts) | $100 | $500 |
| 200 ticks (20 pts) | $200 | $1,000 |
What is the tick value of MGC?
One MGC tick (0.1) is worth $1 per contract.
How much is one point of MGC worth?
One full point is worth $10 per contract.
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