GC tick value & contract specs

GC contract specs

Specs as listed by CME Group; confirm with your broker. Margin requirements vary by broker and prop firm, so they are not listed here.

GC tick value in dollars

GC is COMEX gold. A 0.10 tick is $10, so a $10 move in the gold price is $1,000 per contract.

Worked example. You buy 1 GC at 2400 and sell at 2410. The move is 10 price units, which is 100 ticks. At $10 per tick that is $1,000 per contract; trading 2 contracts doubles it to $2,000. A stop the same distance away would cost the same amount, which is why you should convert every stop into dollars before you enter.

Micro vs mini

GC has a micro counterpart, MGC (Micro Gold), at one-tenth the size: a tick is $1 instead of $10 and a point is $10 instead of $100. Ten micros equal one GC in dollar exposure, so you can build up to a mini position one contract at a time.

To turn a stop distance into a contract count, use the position size calculator. Inside a prop-firm evaluation, check the result against the drawdown with the prop firm challenge calculator, and read the micro vs mini futures guide.

FAQ

What is the GC tick value?

One GC tick is 0.1 and is worth $10 per contract. One full point is $100 per contract.

How many ticks are in a point for GC?

10 ticks per point, because the minimum price increment is 0.1.

How much do I make or lose on a 100-tick GC move?

100 ticks × $10 = $1,000 per contract, before commissions and fees. With 3 contracts that is $3,000.

When does GC trade?

GC trades on CME Globex Sunday–Friday, 6:00 p.m.–5:00 p.m. ET (5:00 p.m.–4:00 p.m. CT) on CME Globex, with a daily break from 5:00 p.m. to 6:00 p.m. ET. Holiday hours differ. Confirm current hours with your broker and CME Group.