QUOTE AND NEWS
The Hindu Business Line  3 hrs ago  Comment 
Gold prices dipped further by 0.41 per cent to Rs 29,012 per 10 gram at the futures trade as speculators engaged in reducing their positions, tracking a weak trend overseas. At the Multi Commodity ...
MarketWatch  Apr 24  Comment 
Gold futures end lower after the outcome of the first round of France’s presidential election eases fears of an outcome that could threaten the country’s membership in the euro and the European Union.
The Times of India  Apr 24  Comment 
The fall in gold futures was mostly in step with a weak trend overseas where it has sank the most in more than seven weeks after centrist Macron led the first round of voting in the French presidential election, boosting stocks and triggering a...
The Hindu Business Line  Apr 21  Comment 
Amid a weak global trend, gold futures traded lower by Rs 61 at Rs 29,234 per 10 gram today as participants trimmed their exposure. Gold for delivery in June was trading lower by Rs 61 or 0.21 per...
The Hindu Business Line  Apr 20  Comment 
Comex gold futures steadied on Thursday after its biggest one-day drop in more than six weeks, finding support from a retreat in the dollar and concerns about North Korea and the French election. Com...
The Hindu Business Line  Apr 20  Comment 
Gold prices fell Rs 64 to Rs 29,363 per 10 grams at the futures trade today as participants trimmed their exposure due to weak global cues. Gold for delivery in far-month August was trading lower b...
The Hindu Business Line  Apr 19  Comment 
Gold prices were down by Rs 162 at Rs 29,353 per 10 gram at the futures trade today amid a weak global trend and profit-booking by speculators. Gold for delivery in June was trading lower by Rs 16...
The Hindu Business Line  Apr 18  Comment 
Gold futures traded lower by Rs 114 at Rs 29,316 per 10 grams today due to a weak global trend and profit-booking by speculators. Gold for delivery in June was trading lower by Rs 114 or 0.39 per c...
The Hindu Business Line  Apr 17  Comment 
Gold prices rose Rs 50 to Rs 29,459 per ten grams at the futures trade as speculators raised bets, tracking a firm trend overseas. Gold for delivery in June jumped Rs 50 or 0.17 per cent to Rs 29,...




 
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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