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E-micro Gold Futures Contract Specs

Contract Unit 10 troy ounces
Price Quotation U.S. Dollars and Cents per troy ounce
Trading Hours Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Minimum Price Fluctuation $0.10 per troy ounce
Product Code CME Globex: MGC
Clearing: MGC
Listed Contracts Trading is conducted for delivery in any February, April, June, August, October, and December falling within a 24-month period for which a 100 Troy Ounce Gold Futures contract is listed.
Settlement Method Deliverable
Termination Of Trading Trading terminates on the third last business day of the delivery month.
Settlement Procedures Daily E-micro Gold Futures Settlement Procedure (PDF)
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 120
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Delivery Period Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the delivery month, but not later than the last business day of the current delivery month.
Grade And Quality Gold delivered under this contract shall assay to a minimum of 995 fineness.