QUOTE AND NEWS
The Hindu Business Line  5 hrs ago  Comment 
Tracking a weak global trend, gold prices fell Rs 142 to Rs 28,070 per 10 grams at the futures market today as speculators offloaded their positions.On the Multi Commodity Exchange, gold fo...
newratings.com  Aug 19  Comment 
WASHINGTON (dpa-AFX) - Gold futures ended lower for a third straight session Tuesday, as investors sought riskier assets while tracking rising global equity markets on some positive economic data from the U.S. The dollar continued to trend higher...
The Hindu Business Line  Aug 19  Comment 
Gold prices rose 0.06 per cent to Rs 28,311 per 10 grams at the futures trading today as speculators enlarged positions amid a firm trend overseas. On the Multi Commodity Exchange, gold f...
The Hindu Business Line  Aug 18  Comment 
As expected, the gold futures contract traded on the Multi Commodity Exchange (MCX) has dropped in the past week. The 200-day moving average level of ₹28,760 per 10 gm is continuing...
The Hindu Business Line  Aug 18  Comment 
Gold prices fell 0.82 per cent to Rs 28,420 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators. On the Multi Commodity Exchange, gold for...
Resource Investor  Aug 15  Comment 
The U.S. Comex gold futures reached $1,320.80 on Thursday before settling at $1,314.90 at the end of the day, up 0.37% for the week.
The Hindu Business Line  Aug 14  Comment 
In range-bound movement, gold prices fell marginally by 0.08 per cent to Rs 28,669 per 10 gram at the futures trade today as participants trimmed positions in line with a weak trend in overseas ma...
The Hindu Business Line  Aug 13  Comment 
Gold prices fell 0.11 per cent to Rs 28,699 per 10 gram at the futures trade today as participants reduced their positions largely with a weak trend overseas amid subdued demand at the domestic sp...




 
TOP CONTRIBUTORS

COMEX Gold futures are traded on the COMEX division of the NYMEX under ticker symbol GC in U.S dollars and cents per troy ounce.[1]

The chart at left shows front-month Gold Futures prices in dollars per troy ounce.

Delivery Dates

COMEX 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 COMEX 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, 2009GCF9GC/F9-NC
February, 2009GCG9GC/G9-NC
March, 2009GCH9GC/H9-NC
April, 2009GCJ9GC/J9-NC
May, 2009GCK9GC/K9-NC
June, 2009GCM9GC/M9-NC
July, 2009GCN9GC/N9-NC
August, 2009GCQ9GC/Q9-NC
September, 2009GCU9GC/U9-NC
October, 2009GCV9GC/V9-NC
November, 2009GCX9GC/X9-NC
December, 2009GCZ9GC/Z9-NC


Contract Specification

Contract Size

One COMEX Gold futures contract on the COMEX division of the NYMEX is 100 troy ounces.[1]

Tick Value

$0.10 (10¢) per troy ounce ($10.00 per contract).[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 maturing delivery month..[1]

Margin Requirements

  • Clearing Member/Maintenance - $3999.[2]
  • Member & Hedge Customer - $3999.[2]
  • Non-Member Customer - $5399.[2]

Deliverable Grades

In fulfillment of each contract, the seller must deliver 100 troy ounces (±5%) of refined gold, assaying not less than .995 fineness, cast either in one bar or in three one-kilogram bars, 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 1.8 The COMEX division of the NYMEX's contract specification for COMEX Gold futures
  2. 2.0 2.1 2.2 COMEX Margin requirements for Gold
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki