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,...
Resource Investor  Jul 15  Comment 
Cash-strapped consumers are losing almost 80% of the value of their gold jewelry when they sell it to cash for gold companies. In a major survey of cash for gold firms, it has been found that consumers are losing approximately 15% of the value of...
Resource Investor  May 28  Comment 
Western central banks have got themselves horribly wrong-footed as a result of not adjusting their anti-gold policies to allow for the realities of Asian gold demand. There is compelling evidence that much of Western central bank gold has been...
Resource Investor  May 22  Comment 
Bullion prices rose throughout Asian and early London trade on Wednesday morning, touching $1,398 per ounce for the third time this week and recovering 4.4% from Monday's one-month low.
Resource Investor  Nov 19  Comment 
Don’t dismiss India’s love of gold as just tradition. Indians in their investment choices have shown considerably greater wisdom than most of their Western counterparts. And it is not just Indians.
Commodity Online  Oct 3  Comment 
A positive job report is bullish for the USD and thereby bearish for bullion. This time around the report may indicate 150K of additional jobs even as the past reports showed 201K on September 6.
Resource Investor  Aug 9  Comment 
The American and European gold investor should always remember that the East – primarily India and China – exerts a massive influence on the gold market. India’s gold market alone is almost four-times bigger than the US gold market.
Reuters  Jun 25  Comment 
Weak bullion prices and prospects for bargain buying by central banks will take centre stage at a gold industry gathering in Indonesia this week, along with the country's plans for a raft of new mining regulations that could be worrying for...
Resource Investor  May 25  Comment 
London quotes for wholesale gold bars held above $1,560 per ounce Friday morning, cutting the week's losses to 1.9% as European stock markets reversed their earlier rally and the euro fell to a new two-year low.




 


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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