The E-micro Gold contract is a smaller sized gold contract that trades on the Chicago Mercantile Exchange (CME) and represents an agreement to either buy or sell 10 troy oz. of .995 fineness of gold. The regular gold contract represents 100 troy oz., which makes the E-micro Gold contract 1/10 the value of the regular gold contract.
The E-micro Gold contract trades under the symbol - MCG. The regular gold contract on the CME trades under the symbol CG.
The E-micro Gold contract was created in October 2010 to allow for the trading of physical gold in a less capital intensive manner to allow for a greater access for market participants including individual investors.