QUOTE AND NEWS
The Hindu Business Line  Nov 21  Comment 
Gold prices rose Rs 59 to Rs 26,522 per 10 grams at the futures trading today as speculators enlarged positions on positive cues from overseas market.At the Multi Commodity Exchange, gold f...
The Hindu Business Line  Nov 20  Comment 
Gold prices moved down by over 1 per cent to Rs 26,441 per 10 grams at the futures trade today after participants offloaded positions, taking weak cues from the global market.At the Multi C...
Resource Investor  Nov 19  Comment 
After rising above $1,200 on Tuesday, the U.S. Comex gold futures finished at $1,197.10, rising 0.97% this week and climbing 1.35% last week.
Commodity Online  Nov 19  Comment 
The Hindu Business Line  Nov 19  Comment 
Gold prices fell 0.12 per cent to Rs 26,563 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators.At the Multi Commodity Exchange, gold for de...
newratings.com  Nov 17  Comment 
WASHINGTON (dpa-AFX) - Gold futures ended lower on Monday, after having recorded a sharp rise last Friday, with the dollar trending higher against a basket of major currencies, even as the precious metal's appeal as an alternate investment...
The Hindu Business Line  Nov 17  Comment 
The gold futures contract traded on the Multi Commodity Exchange (MCX) witnessed a sharp rally in the evening session on Friday. A rise in the global gold prices triggered by short-c...
newratings.com  Nov 17  Comment 
WASHINGTON (dpa-AFX) - Gold prices are higher Monday morning, extending previous session's gains, on weak global equity markets after the Japanese economy slipped into recession. Gold futures for December delivery are up $3.00 or 0.25...
Resource Investor  Nov 14  Comment 
The U.S. Comex gold futures traded in a narrow band of $1,155 to $1,170 in the past two days and were down 0.71% week-to-Thursday.
MarketWatch  Nov 14  Comment 
Gold futures reverse course, erasing sharp early decline




 
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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