Mini and micro contracts

Mini and micro contracts are smaller versions of a standard futures contract: micro gold is 10 ounces against 100, micro WTI 100 barrels against 1,000. Same price, a tenth of the margin. CME's one-ounce gold went 24/7 in July 2026, so a weekend gold price now exists outside perpetuals; sizes on Mochatrade.

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  • Futures contractA futures contract is an exchange-traded agreement to buy or sell at a set price on a set date, settled daily against…
  • Lot size and tick sizeLot size is how much one contract covers, like 100 troy ounces for COMEX gold or 1,000 barrels for WTI; tick size is…
  • Gold futuresGold futures are exchange-traded contracts on gold, the benchmark on COMEX in dollars per troy ounce, trading above…
  • Silver futuresSilver futures are contracts on silver, mainly on COMEX in dollars per troy ounce. More than half of silver goes into…
  • Troy ounceA troy ounce is 31.1035 grams, the unit gold, silver, platinum and palladium are priced in, about 10% heavier than an…
  • Limit orderA limit order buys or sells only at your price or better. You control the price, the market decides whether you trade…

Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.

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