1OZ / FINANCIAL SETTLEMENT
1OZ provides one-ounce futures exposure without promising a coin or bar
The COMEX 1-Ounce Gold futures contract represents one troy ounce and is financially settled to the corresponding 100-ounce GC futures settlement. The minimum tick is $0.25 per ounce, so one tick is $0.25 per contract. Its small multiplier narrows dollar exposure, but the product remains an expiring margined derivative with broker, liquidity and settlement risk.
CONTRACT IDENTITY
Five fields prevent the most common category error
Use the exact code and delivery month in records.
A $1-per-ounce move changes one contract by $1.
The minimum tick is $0.25 per contract.
No one-ounce retail bar is delivered through this contract.
Trading ends on the third last business day of the prior month.
MONTHS & ACCESS
Calendar rules still matter for a small contract
CME lists February, April, June, August, October and December months within a stated 24-month window. The current CME FAQ says 1OZ trades on Globex 24/7 subject to brief scheduled maintenance windows and is no longer submitted through ClearPort. Those operating details are time-sensitive; the live exchange calendar and current broker product list control.
Because 1OZ terminates before the contract month, a trader cannot copy the GC last-trading-day assumption. Record the actual expiry and the broker's earlier close-only or liquidation deadline.
TRADEOFF
Smaller notional exposure can expose larger percentage fee drag
A commission that looks small in dollars can be large relative to a one-ounce contract's expected price move. Compare the bid-ask spread, exchange and clearing fees, broker commission, slippage and any market-data cost per ounce of exposure. One hundred 1OZ contracts and one GC contract may reference the same number of ounces but need not have the same execution cost, liquidity or margin treatment.
The correct comparison is not simply smallest equals best. It is the total cost and control quality for the intended ounce exposure.
PRIMARY SOURCES & REVIEW BOUNDARY
Contract rules come before marketing summaries
- COMEX Rulebook Chapter 113 for the 100-troy-ounce GC trading unit, $0.10-per-ounce minimum tick, deliverable bar standards and last trading day.
- COMEX Rulebook Chapter 120 for the 10-troy-ounce MGC unit, $0.10-per-ounce minimum tick and Accumulated Certificate of Exchange delivery structure.
- CME 1-Ounce Gold futures FAQ for the 1OZ contract size, $0.25 tick, financial settlement, listed months, current access channel and current trading-hours notice.
- Current COMEX Rulebook index for later amendments, delivery chapters, position limits and related notices.
- CFTC Futures Market Basics, CFTC explanation of how futures work and the CFTC glossary for margin, daily mark-to-market, offsetting, clearing and retail risk.
Sources were reviewed August 2, 2026. GoldObserve does not reproduce licensed futures quotes, margin schedules, fee tables or exchange calendars. Verify the current rulebook, exchange notices and your futures commission merchant before using any contract.
GOLD FUTURES RESEARCH PATH
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FREQUENTLY ASKED QUESTIONS
1-Ounce Gold futures questions
What is 1OZ gold futures?
It is a COMEX-listed futures contract representing one troy ounce of gold and financially settled to the corresponding 100-ounce GC settlement.
Does 1OZ deliver a one-ounce gold coin or bar?
No. CME describes 1OZ as financially settled. It is not a retail bullion delivery program.
What is one 1OZ tick worth?
The minimum trading price fluctuation is $0.25 per ounce. With a one-ounce contract, one tick is $0.25 per contract.
Does 1OZ trade continuously?
CME's FAQ reviewed August 2, 2026 states 24/7 Globex availability subject to scheduled maintenance windows. Trading hours can change, so check the current exchange calendar and broker access.