QUOTE AND NEWS
SeekingAlpha  7 min ago  Comment 
By Hebba Investments: It has been a while since we've published an article about the COMEX gold inventories simply because action hadn't been particularly interesting. But at this point we think it's a good idea to take a look at some of the COMEX...
Forbes  Sep 5  Comment 
(Kitco News) - Gold futures are steady Friday after a softer-than-forecast U.S. jobs report, with traders saying market participants may have been hesitant to buy too aggressively in case the data are a one-time fluke and since the report may not...
The Hindu Business Line  Sep 5  Comment 
Gold prices fell 0.15 per cent to Rs 27,419 per 10 grams at the futures trading today as speculators trimmed positions, tracking a weak global trend.On the Multi Commodity Exchange, gold fo...
The Hindu Business Line  Sep 4  Comment 
Gold prices rose Rs 46 to Rs 27,790 per 10 gram at the futures trade as speculators created fresh positions after the precious metal recovered in the global market.On the Multi Commodity Ex...
The Hindu Business Line  Sep 3  Comment 
Gold prices rose 0.16 per cent to Rs 27,765 per 10 grams at the futures trade today as speculators enlarged positions amid a rebound in global market.On the Multi Commodity Exchange, gold f...
Forbes  Sep 2  Comment 
(Kitco News) - December Comex gold futures pushed lower to start the week as the bears remain in control of the near term technical trend. The yellow metal has been declining in a bear channel since early July and the market appears vulnerable...
The Hindu Business Line  Sep 2  Comment 
Amid a weak trend overseas and profit-booking by speculators, gold prices fell 0.26 per cent to Rs 27,860 per 10 grams at the futures trade today.On the Multi Commodity Exchange, gold for d...
The Hindu Business Line  Sep 1  Comment 
The corrective rally witnessed in the gold futures contract traded on the Multi Commodity Exchange (MCX) seems to be losing momentum. The contract which is currently trading near ₹27,950 fo...
MarketWatch  Sep 1  Comment 
Gold futures inch higher on Monday as investors seek safe-haven assets amid increased tensions between Ukraine and Russia after fighting intensified over the weekend.
The Hindu Business Line  Sep 1  Comment 
Gold prices fell 0.25 per cent to Rs 27,927 per 10 grams at the futures trade today as speculators booked profits even as the metal strengthened overseas. On the Multi Commodity Exchange,...




 
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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