QUOTE AND NEWS
The Times of India  6 hrs ago  Comment 
Gold futures declined 0.19 per cent to Rs 26,945 per 10 grams as investors indulged in booking profits at prevailing levels amidst a weak trend in global markets.
The Hindu Business Line  Apr 1  Comment 
Gold prices rose 0.21 per cent to Rs 26,325 per 10 grams at the futures trade today as speculators created fresh positions, tracking a firm global trend.On the Multi Commodity Exchange, gol...
The Times of India  Apr 1  Comment 
Gold prices rose by 0.21 per cent to Rs 26,325 per 10 grams in futures trade on Wednesday as speculators created fresh positions, tracking a firm global trend.
The Hindu Business Line  Mar 31  Comment 
Gold prices fell 0.3 per cent to Rs 26,190 per 10 grams at the futures trade today after participants trimmed positions amid weak cues from global markets.On the Multi Commodity Exchange, g...
The Hindu Business Line  Mar 30  Comment 
The outlook for the gold futures contract traded on the Multi Commodity Exchange (MCX) is bullish despite the contract coming-off from Thursday’s high of ₹26,988 to the current levels of ₹26,26...
MarketWatch  Mar 30  Comment 
Gold futures settle lower for a second straight session with strength in the dollar and a rally in equities attracting investors.
The Hindu Business Line  Mar 30  Comment 
Gold futures prices today shed 0.56 per cent to Rs 26,420 per 10 grams as participants offloaded their positions after the metal rates dropped in global markets.Gold prices for delivery in...
MarketWatch  Mar 27  Comment 
Gold futures decline for first session in past eight
MarketWatch  Mar 27  Comment 
Gold futures pulled back below $1,200 an ounce on Friday, but still scored a gain of more than 1% for the week. Prices had rallied strongly over the past two trading sessions as declines global equities and turmoil in Yemen helped buoy safe-haven...




 
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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