MGC tick value
One MGC tick (a $0.10 move) is worth $1.00 per contract, and a full $1 move is worth $10.00. Micro Gold, traded on COMEX. Put in your own move and size below.
- Tick size
- 0.1
- Tick value
- $1.00
- Point value (1.00 move)
- $10.00
- Ticks in one point
- 10
- Per contract
- $50.00
- Per tick, 1 contract
- $1.00
- Per point, 1 contract
- $10.00
- Same move on 1 GC
- $500.00
Import your trades into Actal and every point is turned into dollars for you, with every broken rule and its cost added up.
Journal for free →What an MGC move is worth
Dollars for each move, by number of contracts. Before fees.
| Move | 1 MGC | 2 MGC | 5 MGC | 10 MGC |
|---|---|---|---|---|
| 1 tick ($0.10) | $1.00 | $2.00 | $5.00 | $10.00 |
| $1.00 move | $10.00 | $20.00 | $50.00 | $100.00 |
| $5.00 move | $50.00 | $100.00 | $250.00 | $500.00 |
| $10.00 move | $100.00 | $200.00 | $500.00 | $1,000.00 |
| $20.00 move | $200.00 | $400.00 | $1,000.00 | $2,000.00 |
| $50.00 move | $500.00 | $1,000.00 | $2,500.00 | $5,000.00 |
MGC contract specs
| Exchange | COMEX |
|---|---|
| Contract | 10 troy ounces of gold |
| Tick size | $0.10 |
| Tick value | $1.00 per contract |
| Value of a $1.00 move | $10.00 per contract |
| Ticks per $1 move | 10 |
| Full-size version | GC, $10.00 a tick |
Tick size and value are set by the exchange and don't change by session or contract month. Commissions and margin depend on your broker.
MGC vs GC, and what to know
MGC (Micro Gold) is 10 ounces, one tenth of the full GC contract. Every $1 move in the gold price is $10 per MGC.
Gold regularly moves $30 or more in a day, and much more on CPI or FOMC. That's $300 or more per MGC, so even the micro needs a real stop.
If you trade gold as XAUUSD on MetaTrader instead, the gold pip calculator does the same job in lots.
| Tick value | Per $1 move | $5.00 move | |
|---|---|---|---|
| MGC | $1.00 | $10.00 | $50.00 |
| GC | $10.00 | $100.00 | $500.00 |
Turning ticks into a position size
contracts = your risk ÷ risk per contract
Work out the stop first, then the size. Never the other way round. The position size calculator does this for MGC and every other contract, and tells you when the micro fits better.
Knowing the tick value is the easy part. The part that costs traders money is what happens after two losers: an extra contract, a wider stop, one more trade. A max size rule you check after every session is what keeps the numbers on this page the numbers you actually trade.
Questions people ask
Tick values for other contracts
Import your trades from NinjaTrader, Tradovate, Rithmic, TopstepX and more. Actal turns every tick into dollars, checks every trade against your rules and adds up what each mistake cost you. Free during beta, no card.
Made by Joakim Jusell, futures trader and coach at Jusell Trading Academy.