QUOTE AND NEWS
The Hindu Business Line  Apr 25  Comment 
Gold prices weakened by 0.08 per cent to Rs 31,348 per ten grams at the futures trade as speculators trimmed their positions, taking weak cues from
MarketWatch  Apr 24  Comment 
Gold settled higher Tuesday, for the first time in four sessions, finding support as a steep decline in a benchmark U.S stock index drove haven demand for the precious metal. June gold climbed by $9, or 0.7%, to settle at $1,333 an ounce....
MarketWatch  Apr 20  Comment 
Gold prices fell Friday to post a loss of 0.7% for the week, their first such loss in three weeks. Strength in the U.S. dollar and Treasury yields dulled investor demand for the precious metal. June gold declined by $10.50, or 0.8%, to settle at...
MarketWatch  Apr 20  Comment 
Gold futures suffer a second consecutive session of losses on Friday, as a strengthening dollar and rising Treasury yields sends prices for the metal lower for the week.
The Hindu Business Line  Apr 20  Comment 
Gold prices went down by 0.46 per cent to Rs 31,453 per ten grams at the futures trade owing to a weak global trend and profit-booking by speculator
The Hindu Business Line  Apr 19  Comment 
Comex gold futures dipped slightly on Thursday weighed down by a firmer dollar and a decline in global geopolitical tensions, breaking a string of gai
MarketWatch  Apr 19  Comment 
Gold futures ends lower Thursday, retreating from the one-week high notched a day earlier, but the contract remains confined to the tight trading range seen over the last several sessions.
The Hindu Business Line  Apr 19  Comment 
Gold prices edged up by 0.06 per cent to Rs 31,552 per 10 gram at the futures trade as participants created fresh positions, taking positive cues fro
MarketWatch  Apr 18  Comment 
Gold futures notch their highest finish in a week as U.S. stocks struggle to hold gains and the dollar stabilizes.
The Hindu Business Line  Apr 16  Comment 
Speculators raise net long positions in COMEX gold: CFTC




 
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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