MGC Tick Value Calculator – Micro Gold
Micro Gold futures (MGC) on COMEX: 10 troy ounces per contract, one tick = $0.10 per troy ounce = $1.00. Pre-set for MGC: work out profit and loss in ticks and dollars, or how many contracts fit your risk.
1 tick = 0.1 = $1.00. 1 point = $10.00.
Optional. Per contract, round turn, with exchange fees.
Contract specs: MGC, 10 troy ounces
- Exchange
- COMEX (CME Group), settled in USD
- Contract unit
- 10 troy ounces
- Tick size
- 0.1
- Tick value
- $1.00 per contract
- Point value
- $10.00 per 1.0 move (10 ticks)
- Full size
- 10 MGC = 1 GC
Outright minimum tick from CME Group's contract specifications, checked October 2026. Spread trades use smaller ticks. Your broker or prop firm adds its own commission and fees.
Profit
+$400.00
Example prices. Enter your own entry and exit.
Points
+20.00
in your favour
Ticks
+200
0.1 per tick
Per contract
+$200.00
before commission
Notional value
$50,000.00
at entry, 2 MGC
Tick value
$2.00
2 × $1.00
Point value
$20.00
per 1.0 move, 2 MGC
Show the math
- Points
2,520.0 − 2,500.0 = 20.00 - Ticks = points ÷ tick size
20.00 ÷ 0.1 = 200 - Point value = tick value ÷ tick size
$1.00 ÷ 0.1 = $10.00 - P&L = ticks × tick value × contracts
200 × $1.00 × 2 = +$400.00 - Notional value = entry × point value × contracts
2,500.0 × $10.00 × 2 = $50,000.00
Quick answer
One MGC tick is $0.10 per troy ounce and is worth $1.00 per contract; a $1.00 move (one full point, 10 ticks) is $10.00. 10 MGC = 1 GC, so one GC tick is worth $10.00.
MGC tick value table
| Ticks | Price move | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|---|
| 1 | $0.10 | ±$1.00 | ±$2.00 | ±$5.00 | ±$10.00 |
| 4 | $0.40 | ±$4.00 | ±$8.00 | ±$20.00 | ±$40.00 |
| 10 | $1.00 | ±$10.00 | ±$20.00 | ±$50.00 | ±$100.00 |
| 20 | $2.00 | ±$20.00 | ±$40.00 | ±$100.00 | ±$200.00 |
| 50 | $5.00 | ±$50.00 | ±$100.00 | ±$250.00 | ±$500.00 |
| 100 | $10.00 | ±$100.00 | ±$200.00 | ±$500.00 | ±$1,000 |
MGC price move table
| Price move | Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|---|
| $1.00 | 10 | ±$10.00 | ±$20.00 | ±$50.00 | ±$100.00 |
| $5.00 | 50 | ±$50.00 | ±$100.00 | ±$250.00 | ±$500.00 |
| $10.00 | 100 | ±$100.00 | ±$200.00 | ±$500.00 | ±$1,000 |
| $25.00 | 250 | ±$250.00 | ±$500.00 | ±$1,250 | ±$2,500 |
| $50.00 | 500 | ±$500.00 | ±$1,000 | ±$2,500 | ±$5,000 |
MGC vs GC
10 MGC = 1 GC. Both contracts track the same market at the same price; only the size, and so the dollar value of each tick, differs.
| GC | MGC | |
|---|---|---|
| Contract | Gold | Micro Gold |
| Contract unit | 100 troy ounces | 10 troy ounces |
| Tick size | $0.10 per troy ounce | $0.10 per troy ounce |
| Tick value | $10.00 | $1.00 |
| Value of a $1.00 move | $100.00 | $10.00 |
| $10.00 move, 1 contract | $1,000 | $100.00 |
| Notional at 2,500.00 (example) | $250,000 | $25,000 |
| Same exposure | 1 GC | 10 MGC |
MGC contract specification
| Specification | Value |
|---|---|
| Contract | Micro Gold |
| Symbol | MGC |
| Exchange | COMEX (CME Group), settled in US dollars |
| Contract unit | 10 troy ounces |
| Tick size | $0.10 per troy ounce |
| Tick value | $1.00 per contract |
| Value of a $1.00 move | $10.00 per contract (10 ticks) |
| Full-size contract | 10 MGC = 1 GC |
| Contract months | Monthly listings; most volume is in the February, April, June, August, October and December contracts. |
| Trading hours | CME Globex, Sunday 6:00 p.m. to Friday 5:00 p.m. New York time, with a daily break from 5:00 to 6:00 p.m. Holiday hours are shorter. |
| Example price | 2,500.00 (an example, not a live quote) |
| Notional value at the example price | $25,000 |
| Margin | Set by CME Group and your broker; check the current figure with your broker |
Contract value, hours and margin
Notional value = price × point value. At an example price of 2,500.00, which is not a live quote, one MGC (10 troy ounces) has a notional value of 2,500.00 × $10.00 = $25,000. Multiply your own price by $10.00 for the current value.
MGC trades on CME Globex from Sunday 6:00 p.m. to Friday 5:00 p.m. New York time, with a daily break from 5:00 to 6:00 p.m. Holiday hours are shorter. Volume is highest when London and New York overlap, and around US inflation and jobs data at 8:30 a.m. New York time.
Margin is not a fixed number. CME Group sets the initial and maintenance margin for MGC and changes it when volatility changes; brokers and prop firms can require more, and many offer a lower day-trading margin. Check the current requirement with your broker before you size a trade.
Trading Gold (XAU/USD) as a CFD instead of futures? CFD contract sizes are set by each broker; use the XAUUSD pip calculator or the XAUUSD lot size calculator.
Frequently asked questions
How much is one MGC tick worth?
One MGC tick is a move of $0.10 per troy ounce and is worth $1.00 per contract. A full $1.00 move (10 ticks) is worth $10.00 per contract. On 5 contracts a tick is $5.00.
How many ticks are in a point on MGC?
10. MGC moves in steps of $0.10 per troy ounce, so a $1.00 move is $1.00 ÷ $0.10 = 10 ticks, worth 10 × $1.00 = $10.00 per contract.
What is the difference between MGC and GC?
Both track the same market at the same price. 10 MGC = 1 GC: MGC is 10 troy ounces and is worth $1.00 per tick, while GC is 100 troy ounces and is worth $10.00 per tick. A $10.00 move is $100.00 on one MGC and $1,000 on one GC. The micro lets you size in tenths of the full contract.
How do I calculate MGC profit and loss?
Divide the price move by the tick size to get ticks, then multiply by the tick value and the number of contracts: P&L = ticks × $1.00 × contracts. Long 2 MGC from 2,500.00 to 2,510.00: $10.00 = 100 ticks, and 100 × $1.00 × 2 = $200.00. Subtract your round-turn commission per contract for the net result.
How much margin do I need to trade MGC?
There is no fixed figure. CME Group sets the initial and maintenance margin for MGC and changes it as volatility changes, and your broker or prop firm can ask for more or offer a lower day-trading margin. Check the current requirement with your broker. For scale, at an example price of 2,500.00 one MGC controls $25,000.
Is the MGC tick value the same at every broker?
Yes. The tick size and tick value are set by the exchange, so one MGC tick is $1.00 at every futures broker and prop firm. Commissions, exchange fees and margin differ.
Risk warning: Futures are leveraged: a small price move can cost more than the margin you posted. The tools and information on this page are for education and are not financial advice.
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