MGC

Micro Gold (MGC) Futures Contract Specifications

Metals

Micro Gold Futures (MGC) are 1/10th the size of the standard Gold contract, making gold trading accessible to smaller accounts. They provide the same exposure to gold prices with reduced capital requirements.

Contract Specifications

Detailed specifications for trading this futures contract

Contract Size

10 troy ounces

Tick Size

0.10 per troy ounce ($0.10)

Tick Value

$1.00 per tick

Point Value

$10.00 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

MGC

Margins

Check with your broker for the latest margin rates and details

Why Trade Micro Gold (MGC) Futures?

Key benefits and characteristics of this futures contract

1/10th the size of standard Gold contract

Lower margin requirements

Safe haven asset during uncertainty

Ideal for smaller accounts and beginners

High liquidity and tight spreads

Extended trading hours

Position Sizing for Micro Gold (MGC) Futures

Example calculation for proper position sizing based on risk tolerance

For Micro Gold (MGC):

Tick Size: 0.10 per troy ounce ($0.10)

Tick Value: $1.00 per tick

Point Value: $10.00 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 × 10.00 ($1 per troy ounce) = $ 50

Maximum Contracts = Risk Amount ÷ Risk per Contract = $ 500 ÷ $ 50 = 10 contract s