On this page
Contract specifications
- Contract symbol
- GCQ8
- Product
- Gold (GC)
- Exchange
- COMEX
- Delivery month
- August 2028 (code Q)
- Roll anchor
- July 27, 2028
- Official last trading day
- August 29, 2028
- Default rolls on
- July 23, 2028 (4 days before)
- Tick size
- 0.1
- Tick value
- $10.00
- Point value
- $100.00
- Next delivery
- GCV8 (September 27, 2028)
The date that matters on GCQ8
The first notice day of GCQ8 is July 31, 2028, the last business day of the month preceding delivery. Senzoukria anchors its roll two business days earlier, on July 27, 2028.
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.
GCQ8 itself keeps quoting until its official last trading day, August 29, 2028, 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 GCQ8 as the default contract on July 23, 2028, 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 GCQ8 the next listed delivery is GCV8, whose roll anchor is September 27, 2028. That is the contract the volume moves into, just as it moved out of GCM8 on May 25, 2028.
What one tick is worth on GCQ8
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 GCQ8 position and the rows of its footprint come from the same numbers.
Every GC delivery listed in 2028
GC lists 6 delivery months a year (G, J, M, Q, V, Z). GCQ8 is number 4 of 6 in 2028.
| Contract | Delivery | Roll anchor | Default rolls on |
|---|---|---|---|
| GCG8 | Feb 2028 | Jan 27, 2028 | Jan 23, 2028 |
| GCJ8 | Apr 2028 | Mar 29, 2028 | Mar 25, 2028 |
| GCM8 | Jun 2028 | May 29, 2028 | May 25, 2028 |
| GCQ8 (this page) | Aug 2028 | Jul 27, 2028 | Jul 23, 2028 |
| GCV8 | Oct 2028 | Sep 27, 2028 | Sep 23, 2028 |
| GCZ8 | Dec 2028 | Nov 28, 2028 | Nov 24, 2028 |
GCQ8 and MGCQ8 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. GCQ8 and MGCQ8 share the same roll anchor, July 27, 2028, 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
- GCV8
- GCM8
- GC 2028
- MGCQ8
In the same section
This page in other languages
Frequently asked questions
- When does GCQ8 stop being tradable in practice?
- The roll anchor of GCQ8 is July 27, 2028. 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 GCQ8?
- The app switches its default to the next listed month on July 23, 2028, which is GCV8. 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 GCQ8 worth?
- One tick of 0.1 is $10.00 per contract, and a full point is $100.00, on a multiplier of 100.
- Does GCQ8 really stop trading on July 27, 2028?
- No. GCQ8 keeps quoting until August 29, 2028, the third-to-last business day of its delivery month. July 27, 2028 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.