QUOTE AND NEWS
MarketWatch  4 hrs ago  Comment 
Gold futures settled with a modest gain on Wednesday to recoup part of the more than 1% loss they suffered a day earlier. April gold tacked on $4.20, or 0.3%, to settle at $1,264.50 an ounce on Comex. March silver also climbed by more than 7...
The Hindu Business Line  Feb 4  Comment 
Gold prices rose Rs 0.26 to Rs 27,359 per 10 gram at the futures trade today as speculators indulged in creating fresh positions amid a firm global trend.On the Multi Commodity Exchange, gol...
MarketWatch  Feb 3  Comment 
Losses in gold futures deepen
The Hindu Business Line  Feb 3  Comment 
Gold futures prices fell 0.2 per cent to Rs 27,610 per 10 grams today as speculators offloaded their positions amid a weak global trend.On the Multi Commodity Exchange, gold prices for deli...
WA Business News  Feb 2  Comment 
Gold futures have closed slightly lower after a volatile session that saw investors weigh higher oil prices against signs of weakness in the US economic recovery.
MarketWatch  Jan 30  Comment 
Gold futures settle with Friday gain of nearly 2%
The Hindu Business Line  Jan 30  Comment 
Gold prices rose Rs 73 to Rs 27,482 per 10 gram at the futures trade as speculators engaged in enlarging positions amid a better trend overseas.On the Multi Commodity Exchange, gold for del...
MarketWatch  Jan 29  Comment 
Gold futures skid to a 2.4% lower close on Thursday
The Hindu Business Line  Jan 29  Comment 
Stop-loss:$1,232; target:$1,295




 
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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