What one Micro Gold (MGC) contract controls at different gold prices
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-10-04, from Micro Gold Futures vs GLD: Size, Tax, Cost.
| gold_price_per_oz | mgc_notional_usd | gc_notional_usd | mgc_notional_label | one_pct_move_label | gld_share_equivalent |
|---|---|---|---|---|---|
| $3,200 | 32000 | 320000 | $32,000 | $320 | 109 GLD shares |
| $3,600 | 36000 | 360000 | $36,000 | $360 | 109 GLD shares |
| $4,000 | 40000 | 400000 | $40,000 | $400 | 109 GLD shares |
| $4,400 | 44000 | 440000 | $44,000 | $440 | 109 GLD shares |
| $4,800 | 48000 | 480000 | $48,000 | $480 | 109 GLD shares |
| $5,200 | 52000 | 520000 | $52,000 | $520 | 109 GLD shares |
| $5,600 | 56000 | 560000 | $56,000 | $560 | 109 GLD shares |
- Rows × columns
- 7 × 6
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
gold_price_per_oz |
text | 7 distinct values ($3,200, $3,600, $4,000…) | |
mgc_notional_usd |
number | 32,000 to 56,000 | US dollars |
gc_notional_usd |
number | 320,000 to 560,000 | US dollars |
mgc_notional_label |
text | 7 distinct values ($32,000, $36,000, $40,000…) | |
one_pct_move_label |
text | 7 distinct values ($320, $360, $400…) | |
gld_share_equivalent |
text | 1 distinct value (109 GLD shares) |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
Run it yourself
This is the exact query behind the result above. Change a ticker, a date or a column and run it against the warehouse — no account, no key. The no-signup tier is smaller than the one this page was computed on; a query that reaches past it comes back saying which plan runs it.
SELECT
concat('$', substring(toString(price_per_oz), 1, 1), ',', substring(toString(price_per_oz), 2, 3)) AS gold_price_per_oz,
price_per_oz * 10 AS mgc_notional_usd,
price_per_oz * 100 AS gc_notional_usd,
concat('$', toString(intDiv(price_per_oz * 10, 1000)), ',000') AS mgc_notional_label,
concat('$', toString(intDiv(price_per_oz, 10))) AS one_pct_move_label,
concat(toString(toUInt16(round(10 / 0.0918))), ' GLD shares') AS gld_share_equivalent
FROM
(
SELECT 3200 + (400 * arrayJoin(range(7))) AS price_per_oz
)
ORDER BY price_per_oz
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