MGC tick value
One MGC tick is $0.10 per troy oz and is worth $1.00. One point is worth $10.00.
| Contract | Micro Gold (COMEX) |
|---|---|
| Contract unit | 10 troy oz |
| Minimum tick (outright) | $0.10 per troy oz |
| Tick value | $1.00 |
| Point value | $10.00 |
| Ticks per point | 10 |
Convert a move to dollars
- Per contract
- $10.00
- Total
- $10.00
- Equivalent
- 1.00 points
Worked example
MGC tracks gold, 10 troy ounces, quoted in US dollars per troy ounce. A $5.00 move in the gold price is 50 ticks in MGC. At $1.00 per tick that is $50.00 per contract, before commissions and fees.
MGC versus GC
| Contract | Tick | Tick value | Point value |
|---|---|---|---|
| MGC | $0.10 per troy oz | $1.00 | $10.00 |
| GC (Gold (100 troy oz)) | $0.10 per troy oz | $10.00 | $100.00 |
One GC equals 10 MGC in dollar exposure.
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Sources: CME Group, Micro Gold; CME Group, Gold (100 troy oz). As of 14 Oct 2026, rechecked 19 Oct 2026. Calendar spreads can use a smaller tick. Verify with your broker. Not investment advice.