On this page
Contract specifications
- Contract symbol
- GCQ7
- Product
- Gold (GC)
- Exchange
- COMEX
- Delivery month
- August 2027 (code Q)
- Roll anchor
- July 28, 2027
- Official last trading day
- August 27, 2027
- Default rolls on
- July 24, 2027 (4 days before)
- Tick size
- 0.1
- Tick value
- $10.00
- Point value
- $100.00
- Next delivery
- GCV7 (September 28, 2027)
The date that matters on GCQ7
The first notice day of GCQ7 is July 30, 2027, the last business day of the month preceding delivery. Senzoukria anchors its roll two business days earlier, on July 28, 2027.
This date is not the last trading day. A metal contract keeps quoting into its delivery month, but past the first notice day it is deliverable, liquidity collapses, and most brokers and prop firms liquidate what is left. Senzoukria therefore anchors its roll two business days before the first notice day and never offers a contract already in its delivery period.
GCQ7 itself keeps quoting until its official last trading day, August 27, 2027, the third-to-last business day of its delivery month, but that session sits inside the delivery period and is not where the volume is.
Senzoukria stops offering GCQ7 as the default contract on July 24, 2027, 4 calendar days before that roll anchor, and keeps it selectable with a badge. The date is computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date that falls next to a public holiday can be one day off the exchange calendar. Check the exchange calendar when the date sits close to a holiday.
When the volume actually leaves
Metal contracts stay quoted into their delivery month, but the volume leaves before the first notice day. The active month is rarely the one whose name matches the calendar, so checking the date rather than the month name is the habit that avoids trading a dying contract.
For GCQ7 the next listed delivery is GCV7, whose roll anchor is September 28, 2027. That is the contract the volume moves into, just as it moved out of GCM7 on May 23, 2027.
What one tick is worth on GCQ7
The minimum price fluctuation is 0.1, which is $10.00 per contract on a multiplier of 100. A full point is therefore $100.00. On a footprint chart one row is one tick, so the same vertical space holds a different number of rows depending on the product: a tick of 0.1 sets how finely the bid and ask volume of GC can be read.
These are the values the app itself trades on, taken from its contract table rather than retyped, so the P&L shown on a GCQ7 position and the rows of its footprint come from the same numbers.
Every GC delivery listed in 2027
GC lists 6 delivery months a year (G, J, M, Q, V, Z). GCQ7 is number 4 of 6 in 2027.
| Contract | Delivery | Roll anchor | Default rolls on |
|---|---|---|---|
| GCG7 | Feb 2027 | Jan 27, 2027 | Jan 23, 2027 |
| GCJ7 | Apr 2027 | Mar 29, 2027 | Mar 25, 2027 |
| GCM7 | Jun 2027 | May 27, 2027 | May 23, 2027 |
| GCQ7 (this page) | Aug 2027 | Jul 28, 2027 | Jul 24, 2027 |
| GCV7 | Oct 2027 | Sep 28, 2027 | Sep 24, 2027 |
| GCZ7 | Dec 2027 | Nov 26, 2027 | Nov 22, 2027 |
GCQ7 and MGCQ7 side by side
GC and MGC track the same underlying, but GC is 10 times the size of MGC: $10.00 a tick against $1.00. Both quote on the same 0.1 tick. GCQ7 and MGCQ7 share the same roll anchor, July 28, 2027, so a position in either rolls on the same date.
The practical difference is position sizing rather than behaviour. MGC lets a 10-contract position carry the same exposure as one GC, which makes partial exits possible on a small account; GC carries the deeper book, so its footprint and its depth of market are the ones to read even when the position is held in MGC.
Related pages
- GC — Gold
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Continuous contract
- Back month contract
- MGC — Micro Gold
- GCV7
- GCM7
- GC 2027
- MGCQ7
In the same section
This page in other languages
Frequently asked questions
- When does GCQ7 stop being tradable in practice?
- The roll anchor of GCQ7 is July 28, 2027. The first notice day is the last business day of the month preceding the delivery month; the official last trading day is the third-to-last business day of the delivery month itself. This date is not the last trading day. A metal contract keeps quoting into its delivery month, but past the first notice day it is deliverable, liquidity collapses, and most brokers and prop firms liquidate what is left. Senzoukria therefore anchors its roll two business days before the first notice day and never offers a contract already in its delivery period.
- When should I roll out of GCQ7?
- The app switches its default to the next listed month on July 24, 2027, which is GCV7. In practice the volume moves before the calendar does, so compare the traded volume and open interest of the two months rather than waiting for the roll anchor.
- How much is one tick of GCQ7 worth?
- One tick of 0.1 is $10.00 per contract, and a full point is $100.00, on a multiplier of 100.
- Does GCQ7 really stop trading on July 28, 2027?
- No. GCQ7 keeps quoting until August 27, 2027, the third-to-last business day of its delivery month. July 28, 2027 is the roll anchor Senzoukria uses, two business days before the first notice day, because past that point the contract is deliverable and the liquidity is gone.