QUOTE AND NEWS
The Hindu Business Line  4 hrs ago  Comment 
Gold and silver futures moved down as speculators trimmed positions amid a weak global trend. Gold futures fell 0.60 per cent to Rs 26,965 per 10 gram today while silver futures moved dow...
newratings.com  Sep 29  Comment 
WASHINGTON (dpa-AFX) - Gold futures ended higher Monday, on safe haven demand after the dollar trended lower on some mixed economic data from the U.S. with pending home sales pulling back more than expected in August. Investors digested a mixed...
The Hindu Business Line  Sep 29  Comment 
The fall to ₹26,000/10 gm that was expected in the gold futures contract traded on the Multi Commodity Exchange (MCX) did not happen. Instead, the contract rose 2.4 per cent last week to...
Forbes  Sep 29  Comment 
(Kitco News) - A new gold futures contract that CME Group aims to launch in Hong Kong by year-end will not only provide another venue for traders to take outright positions but is aimed at “easy arb” for those who want to hedge or trade price...
Resource Investor  Sep 26  Comment 
The U.S. Comex gold futures rebounded 0.21% to $1,221.20 on Thursday after falling roughly the same on Wednesday.
The Hindu Business Line  Sep 26  Comment 
Gold prices fell 0.09 per cent to Rs 26,911 per 10 grams at the futures trade today as participants reduced their positions even as the precious metal rose overseas.On the Multi Commodity E...
WA Business News  Sep 25  Comment 
Gold futures have carved out a slight gain as the US dollar weakened against the yen and US equities tumbled to a five-week low.
newratings.com  Sep 25  Comment 
WASHINGTON (dpa-AFX) - Gold futures ended higher on Thursday, tracking some largely declining global equity markets on a couple of soft economic data out of the U.S., even as the dollar trended higher. In economic news, initial claims for...




 
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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