QUOTE AND NEWS
The Hindu Business Line  5 hrs ago  Comment 
Gold prices were up by 0.21 per cent to Rs 31,380 per 10 gram at the futures trade today as speculators enlarged positions amid a firm global trend.At the Multi Commodity Exchange, gold for delivery ...
Benzinga  Jun 28  Comment 
August Gold futures are trading lower by $9 at $1315.70 per ounce in Tuesday's session. The contract has been slowly surrendering some its huge gains from Friday, when the contract rallied from $1263.10 to $1322.40. The contract peaked just...
The Hindu Business Line  Jun 28  Comment 
Gold prices drifted Rs 245 to Rs 31,303 per 10 gram at the futures trade today as participants lightened their positions, largely in tandem with a weak trend overseas.At the futures trading, gold for...
MarketWatch  Jun 27  Comment 
Gold futures climbed on Monday, extending the sharp rally from the previous trading session to hold ground at their highest level in almost two years. Equities losses in the U.S. and Europe, as well as drops in the euro and British pound helped...
The Hindu Business Line  Jun 27  Comment 
The sharp seven per cent rally on Friday in the gold futures contract traded on the Multi Commodity Exchange (MCX) has boosted the bullish momentum. The outcome of the UK referendum deciding to exit t...
Benzinga  Jun 27  Comment 
August Gold futures are trading higher by $3.60 at $1326 per ounce in Monday's session. After a flat open, it immediately bottomed just below the close ($1322.40) at $1322.20 and began to mover higher. The ensuing rally took the issue well shy...
MarketWatch  Jun 27  Comment 
Gold futures remain at their highest level in some two years in the wake of the U.K.’s historic and market-rattling decision to exit from the European Union.
newratings.com  Jun 27  Comment 
WASHINGTON (dpa-AFX) - Gold futures rose further Monday as markets remained jittery following last week's unexpected Brexit vote. Stocks have been hammered since UK voters decided to leave the EU in a vote that could ultimately threaten the...
The Hindu Business Line  Jun 27  Comment 
Continuing its winning run, gold prices rose another Rs 232 to Rs 31,922 per 10 gram at the futures trade today amid a firm global trend. At the Multi Commodity Exchange, gold for delivery in far-mon...
MarketWatch  Jun 24  Comment 
Gold futures rallied Friday to settle at their highest level in almost two years as the U.K.'s plans to leave the European Union lifted the metal's appeal as a safer investment. Gold for August delivery jumped $59.30, or 4.7%, to settle at...




 
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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