Gold (GC) Futures Contract Specifications

Metals

Gold Futures (GC) are among the most popular precious metals futures contracts. They provide exposure to gold prices and are widely used for hedging, speculation, and portfolio diversification.

Contract Specifications

Detailed specifications for trading this futures contract

Contract Size

100 troy ounces

Tick Size

0.10 per troy ounce ($0.10)

Tick Value

$10.00 per tick

Point Value

$100.00 per point ($1 per troy ounce)

Trading Hours

Sunday to Friday, 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT)

Platform Symbol

Margins

Check with your broker for the latest margin rates and details

Why Trade Gold (GC) Futures?

Key benefits and characteristics of this futures contract

Safe haven asset during market uncertainty

High liquidity and tight spreads

Inflation hedge

Extended trading hours

Micro contracts (MGC) available for smaller accounts

Portfolio diversification benefits

Position Sizing for Gold (GC) Futures

Example calculation for proper position sizing based on risk tolerance

For Gold (GC):

Tick Size: 0.10 per troy ounce ($0.10)

Tick Value: $10.00 per tick

Point Value: $100.00 per point ($1 per troy ounce)

If you want to risk $500 with a 5-point stop loss:

Risk per Contract = Stop Loss in Points × Point Value = 5 × 100.00 ($1 per troy ounce) = $ 500

Maximum Contracts = Risk Amount ÷ Risk per Contract = $ 500 ÷ $ 500 = 1 contract