QUOTE AND NEWS
The Hindu Business Line  Apr 12  Comment 
Gold prices moved up by Rs 57 to Rs 29,250 per 10 gram at the futures trade as speculators raised their bets, taking positive cues from global markets. At the Multi Commodity Exchange, gold for del...
The Hindu Business Line  Apr 11  Comment 
Gold rose Rs 105 to Rs 28,844 per 10 grams at the futures trade as speculators widened positions tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in June was trad...
Mondo Visione  Apr 9  Comment 
The Dubai Gold and Commodities Exchange (DGCX) today announced the historic launch of DGCX Shanghai Gold Futures (DSGC), following the signing of a landmark deal with the Shanghai Gold Exchange (SGE) last year. The yuan-denominated contract, DSGC,...
The Hindu Business Line  Apr 7  Comment 
Gold prices rose 0.62 per cent to Rs 29,048 per 10 grams at the futures trade as participants created fresh positions, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for deli...
The Hindu Business Line  Apr 6  Comment 
Comex gold futures dipped on Thursday, pressured by a slightly firmer dollar and as some investors booked profits after the bullion’s recent challenge to the upside. Investors were cautious ahead of t...
The Hindu Business Line  Apr 6  Comment 
Gold prices zoomed Rs 121 to Rs 28,926 per 10 gram at the futures trade as speculators created positions amid positive global cues. At the Multi Commodity Exchange, gold for delivery in June moved ...
The Hindu Business Line  Apr 3  Comment 
Gold prices softened 0.07 per cent to Rs 28,722 per 10 grams at the futures trade as participants cut down their positions, tracking a weak trend overseas. At the Multi Commodity Exchange, gold fo...
MarketWatch  Mar 31  Comment 
Gold futures rose Friday, settling higher for the quarter, but lower for the month.
The Hindu Business Line  Mar 31  Comment 
Gold futures traded lower by Rs 72 at Rs 28,591 per 10 gram due to a weak global trend and profit-booking by speculators. Gold for delivery in June was trading lower by Rs 72 or 0.25 per cent at Rs...
MarketWatch  Mar 30  Comment 
Gold futures on Thursday settle lower as the U.S. dollar regains its footing above a key level.




 
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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