QUOTE AND NEWS
MarketWatch  Sep 5  Comment 
Gold futures settle back above $1,200 an ounce Wednesday as worries about trade negotiations and weakness in the dollar helped to boost the metal’s investment appeal.
The Hindu Business Line  Sep 4  Comment 
Silver falls to Rs 37,559 per kg
The Hindu Business Line  Sep 3  Comment 
Speculators trim net shorts in COMEX gold
The Hindu Business Line  Sep 3  Comment 
Gold prices softened 0.11 per cent to Rs 30,095 per 10 grams at the futures trade as speculators trimmed their positions owing to a weak trend overs
The Hindu Business Line  Aug 31  Comment 
Silver rises to Rs 36,983 per kg
The Hindu Business Line  Aug 30  Comment 
Comex gold futures fell on Thursday, but prices are expected to continue to rebound in coming weeks.The medium-term picture still holds some promise,
MarketWatch  Aug 30  Comment 
Gold futures extend their slump Thursday to a third straight session, settling at their lowest in a week, pressured by some strength in the dollar as recent U.S. economic data backed expectations for an interest-rate hike at the Federal...
The Hindu Business Line  Aug 30  Comment 
Gold prices softened by 0.11 per cent to Rs 30,154 per 10 gram at the futures trade as traders trimmed their bets owing to weak global cues.At the Mu
The Hindu Business Line  Aug 29  Comment 
Gold prices went up by Rs 25 to Rs 30,260 per 10 gram at the futures trade as speculators raised their bets owing to a firm global trend.At the Mult
The Hindu Business Line  Aug 28  Comment 
Silver rises to Rs 38,084 per kg




 
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
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