Gold Futures Profit Calculator
Calculate direction-aware gross and net gold-futures P/L from entered prices, whole contracts, contract ounces, tick size and round-turn cost. Audit tick alignment, compare five nearby exits and distinguish raw fee recovery from the first tick-aligned break-even price.
Enter the contract and completed price path
Choose a dated educational preset or enter the exact specification for your exchange product. All fields remain editable.
Entered gold futures result
Gold Futures Profit 2.0.0.
P/L calculation audit
Both the direct price-move route and the tick-value route must reconcile.
On smaller screens, scroll the table horizontally; the page itself remains contained.
| Step | Arithmetic | Result |
|---|
One-tick exit sensitivity
All inputs stay fixed while exit moves by −2, −1, 0, +1 and +2 entered ticks.
| Tick offset | Scenario exit | Signed move | Signed ticks | Gross P/L | Costs | Net P/L | Tick grid |
|---|
How the Gold Futures Profit Calculator works
Signed price movement = (exit − entry) × long/short factor
Gross P/L = signed movement × ounces per contract × whole contracts
Net P/L = gross P/L − entered round-turn cost × contracts
Raw break-even = entry ± (cost per contract ÷ ounces per contract)
The first tick-aligned break-even rounds the raw threshold upward for a long or downward for a short. It therefore shows the nearest entered tick price that recovers the modeled per-contract cost, not a guaranteed fill.
Audited MGC worked example
Two long MGC examples use 10 troy ounces per contract and a USD 0.10 tick, so one tick is USD 1 per contract. From USD 2,400.00 to USD 2,412.50, the favorable move is USD 12.50 per ounce or 125 ticks. Gross P/L is USD 250.00; USD 5.00 round-turn cost per contract totals USD 10.00, leaving USD 240.00 net entered P/L.
Fee recovery is USD 5 ÷ 10 oz = USD 0.50 per ounce, so the raw and tick-aligned long break-even are both USD 2,400.50. The output is deterministic arithmetic, not an income claim.
Gold futures reference examples
These CME examples were checked on 22 August 2026. Always replace them when the exact product, venue or current specification differs.
| Symbol | Contract quantity | Minimum increment | Derived tick value | Settlement note |
|---|---|---|---|---|
| GC | 100 troy ounces | USD 0.10 / oz | USD 10.00 | Physically deliverable benchmark example |
| MGC | 10 troy ounces | USD 0.10 / oz | USD 1.00 | Smaller physically deliverable example |
| 1OZ | 1 troy ounce | USD 0.25 / oz | USD 0.25 | Cash-settled example |
Assumptions and limits
- Only whole contracts are modeled; no fractional exchange contract is invented.
- Prices and tick size must share the same USD-per-troy-ounce quotation unit.
- The grid audit reports whether entered prices are multiples of the entered tick; it does not validate the exchange’s current tick.
- Only the entered round-turn cost is subtracted. Spread, slippage and every unentered charge remain excluded.
- Daily mark-to-market, margin calls, liquidation, expiry, delivery and tax are outside the model.
- Notional is not margin, cash at risk or maximum loss.
- The result is not an account statement, order, quote, price forecast, recommendation or financial advice.
A careful futures P/L workflow
- Identify the exchange, exact symbol and contract month.
- Verify ounces per contract and the outright price increment using current exchange evidence.
- Confirm whether prices are actual fills, settlements or hypothetical scenarios.
- Enter long or short, whole contracts and the same price quotation unit throughout.
- Use a verified round-turn cost or zero and keep omissions visible.
- Compare the arithmetic with the broker statement, including daily settlements and itemized charges.
Frequently asked questions
- Multiply direction-adjusted price movement by entered troy ounces per contract and whole contracts, then subtract entered round-turn cost per contract.
- Multiply the entered minimum price increment by entered troy ounces per contract. A 0.10 increment on a 10-ounce MGC example equals USD 1 per tick.
- The dated CME examples use 100 troy ounces for GC, 10 for MGC and one for 1OZ. Every field is editable; verify the current exact contract and month yourself.
- The raw fee threshold can fall between valid ticks. The calculator rounds upward for a long or downward for a short to show the first entered tick price that recovers modeled cost.
- Yes. Short arithmetic treats an exit below entry as favorable and an exit above entry as unfavorable. Break-even rounding follows the short direction.
- It checks whether entry and exit are multiples of the tick size you entered. It does not verify that the tick size is current or correct for the product.
- No. It subtracts only the entered round-turn cost. Unentered spread, slippage, exchange, clearing, brokerage, data, financing and tax amounts remain excluded.
- No. Notional is entered price times contract ounces times whole contracts. Margin, maximum loss, account outcome and future price are separate and are not calculated.
Sources and methodology
- CME Group — Calculating Futures Contract Profit or Loss — explains the tick-value and whole-position P/L identities.
- CME Group — Gold Futures — identifies the cited GC and MGC quantities.
- CME Group — 1-Ounce Gold Futures FAQ — identifies the one-ounce contract and USD 0.25 minimum fluctuation.
- CFTC — Basics of Futures Trading — describes retail futures risk and obligations.
The operational contract is Gold Futures Profit version 2.0.0. Independent fixtures cover long and short direction, GC/MGC/1OZ tick identities, fee-aware break-even rounding, five exit scenarios, off-grid detection and invalid inputs.
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