QUOTE AND NEWS
The Hindu Business Line  Mar 5  Comment 
Stop-loss: $1,228; target: $1,175
The Hindu Business Line  Mar 5  Comment 
Gold futures traded a shade higher at Rs 26,565 per 10 grams today as speculators created fresh positions taking positive cues from the global market. On the Multi Commodity Exchange, gol...
MarketWatch  Mar 4  Comment 
Gold futures settled lower for a third session in a row on Wednesday as traders looked ahead to the European Central Bank meeting on Thursday and U.S. jobs data due out Friday. April gold fell $3.50, or 0.3%, to settle at $1,200.90 an ounce on...
MarketWatch  Mar 4  Comment 
Gold futures mark a third straight session loss.
The Hindu Business Line  Mar 4  Comment 
Gold futures traded higher by Rs 23 at Rs 26,450 per 10 grams as speculators created fresh positions amid positive cues from global markets.On the Multi Commodity Exchange, gold for deliver...
The Hindu Business Line  Mar 3  Comment 
Gold prices fell Rs 38 to Rs 26,472 per 10 gm at the futures trade today as participants reduced their positions largely with a weak trend overseas amid subdued demand at the domestic spot market.
Forbes  Mar 2  Comment 
(Kitco News) - Speculative traders continue to be bearish the gold market but the pace of selling appears to be slowing, according to the latest data from the Commodity Futures Trading Commission.
The Hindu Business Line  Mar 2  Comment 
The gold futures contract traded on the Multi Commodity Exchange (MCX) has risen sharply on Saturday. The government leaving the import duty unchanged in the Budget on Saturday triggered th...
The Hindu Business Line  Mar 2  Comment 
Gold prices rose Rs 248 to Rs 26,939 per 10 grams at the futures trade today as speculators engaged in enlarging positions amid a better trend overseas.On the Multi Commodity Exchange, gold...
MarketWatch  Mar 2  Comment 
Gold prices settle lower after a three-session climb as investors turn their attention to a climb in the U.S. stock market.




 
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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