QUOTE AND NEWS
The Hindu Business Line  8 hrs ago  Comment 
Gold futures were down by Rs 57 at Rs 29,216 per 10 grams today as speculators trimmed positions to book profits even as the metal strengthened overseas. Gold for delivery in December dropped Rs 57...
The Hindu Business Line  Aug 18  Comment 
Gold prices were up by Rs 56 to Rs 29,270 per 10 grams at the futures trade as speculators raised their bets amid a firm global trend. At the Multi Commodity Exchange, gold for delivery in far-mont...
The Hindu Business Line  Aug 17  Comment 
Comex gold futures rose for a second consecutive day on Thursday after Federal Reserve officials hinted that US interest rates may rise more slowly than expected, while palladium hit a new 16-year hig...
The Hindu Business Line  Aug 17  Comment 
Gold prices rose Rs 200 to Rs 29,212 per 10 grams at the futures trade as speculators raised their bets amid a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in far-month D...
The Hindu Business Line  Aug 16  Comment 
Gold prices drifted lower by Rs 153 to Rs 28,958 per 10 grams at the futures trade as participants lightened their positions, largely in tandem with a weak overseas trend. Gold for delivery in far...
The Hindu Business Line  Aug 14  Comment 
Gold prices drifted lower by 0.23 per cent to Rs 29,135 per 10 grams at the futures trade as participants trimmed their positions, tracking a weak trend overseas. At the Multi Commodity Exchange, g...
The Hindu Business Line  Aug 11  Comment 
Gold prices were trading up by Rs 82 to Rs 29,286 per 10 grams at the futures trade as speculators took fresh positions on positive cues from global markets. At the Multi Commodity Exchange, gold f...
The Hindu Business Line  Aug 10  Comment 
Comex gold futures hit the highest levels in two months on Thursday as the United States and North Korea exchanged more threats, prompting investors to buy bullion as a safe haven asset. Comex gold fu...
The Hindu Business Line  Aug 10  Comment 
Gold prices were trading up by Rs 115 at Rs 28,959 per 10 grams at the futures trade as speculators indulged in raising bets amid a firm global trend. At the Multi Commodity Exchange, gold for deli...
The Hindu Business Line  Aug 9  Comment 
Gold rose Rs 194 to Rs 28,573 per 10 grams at the futures trade as speculators enlarged their positions, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in Octob...




 
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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