A volumetric gear pump is often used in extensive industrial applications to provide both high pressure and sufficiently high flow rate by physical displacement of finite volume of fluid with each revolution. To better understand the unsteady flow characteristics within the pump, numerical simulations were conducted by using moving dynamic meshing (MDM) techniques in commercially available CFD software, FLUENT. The effects of rotor clearance size and rotational speed of rotor on the flow characteristics, specially the temporal variation of velocity and pressure field, which is a main source of flow noise, was investigated. The results showed that significant reverse flow is developed in the rotor clearance and that its size is one of the most important factors affecting flow characteristics and pressure pulsation.