Reuters  Oct 28  Comment 
Gold demand in India spiked this week as festive buying lifted the premium over official domestic prices to its highest in 10 months, although buying elsewhere in Asia remained tepid.
Reuters  Sep 2  Comment 
Asian physical gold demand improved slightly this week as a correction in prices prompted consumers to buy for the upcoming festival and wedding season, with discounts in India narrowing to the smallest in three months.
Reuters  Jul 22  Comment 
Gold demand in Asia continued to underwhelm this week, but a dip in global prices over the past couple of weeks raised expectations of buying in the coming days alongside keeping a lid on selling by consumers.
Reuters  Jul 15  Comment 
Consumers in Asia took profits on their gold holdings as a price rally last week helped bullion hit its highest in more than two years, keeping new buyers at bay despite jewellers offering steep discounts in second-top consumer India.
Reuters  Aug 7  Comment 
Gold demand in Asia picked up modestly this week as global prices wallowed near multi-year lows, but buyers in the world's biggest consuming region for the precious metal were in no hurry as they waited for the market to weaken further.
Reuters  Jun 9  Comment 
Expectations of a further drop in gold prices and better returns from surging equities in China have tamed demand for the precious metal in Asia despite recent price declines.
Forbes  Sep 11  Comment 
(Kitco News) - The significance of the Asian region to the gold market has been reinforced once again by the announcement from CME Group that it plans to launch a gold futures contract in Hong Kong by year-end.
Reuters  May 20  Comment 
Gold demand in major consumers China and India fell in the first quarter from the previous year's record levels, the World Gold Council said on Tuesday, though a drop in sales from bullion-backed investment funds kept overall demand steady.
Bloomberg  Oct 18  Comment 
Asian Gold Demand Seen Surging by HSBC on Elevated Inflation Gold demand across Asia will keep expanding as inflation spurs investment purchases, said HSBC Holdings Plc,...




 


Asian Gold futures are traded on the New York Mercantile Exchange under ticker symbol QS in U.S. dollars and cents per gram.[1]

As of 31 August 2010, pan-Asian multi-product commodity and currency derivatives exchange - Singapore Mercantile Exchange (SMX) - is listing Singapore's first gold futures contract with physical delivery-based settlement at high-security vaults.[2]

The SMX platform offers multi-currency multi-asset pricing, trading and clearing with guaranteed settlement and delivery through its clearing house SMX Clearing Corporation.

Chart

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Delivery Dates

Asian Gold futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]

The following is a table with Asian Gold futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009QSF9QS/F9-NM
February, 2009QSG9QS/G9-NM
March, 2009QSH9QS/H9-NM
April, 2009QSJ9QS/J9-NM
May, 2009QSK9QS/K9-NM
June, 2009QSM9QS/M9-NM
July, 2009QSN9QS/N9-NM
August, 2009QSQ9QS/Q9-NM
September, 2009QSU9QS/U9-NM
October, 2009QSV9QS/V9-NM
November, 2009QSX9QS/X9-NM
December, 2009QSZ9QS/Z9-NM


Contract Specifications

Contract Size

One Asian Gold futures contract on the New York Mercantile Exchange is 1,000 grams.[1]

Tick Value

$0.005 per gram.[1]

Daily Price Limit

None.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM, New York Time[1]

Last Trading Day

Trading terminates at the close of business on the third to last business day of the month preceding the named contract month.[1]

Margin Requirements

  • Clearing Member/Maintenance - $1286.[3]
  • Member & Hedge Customer - $1286.[3]
  • Non-Member Customer - $1736.[3]

Deliverable Grades

Refined gold, assaying not less than .995 fineness, and bearing a serial number and identifying stamp of a refiner approved and listed by the Exchange. A list of approved refiners and assayers is available from the Exchange upon request.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The New York Mercantile Exchange's contract specification for Asian Gold futures
  2. http://www.smx.com.sg/Products/GoldFutures.aspx
  3. 3.0 3.1 3.2 NYMEX Margin Requirements for Asian Gold
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