QUOTE AND NEWS
MarketWatch  Aug 28  Comment 
Gold futures settle higher after a four-day losing streak, but the metal saw its worst weekly loss in about a month.
The Hindu Business Line  Aug 28  Comment 
Gold prices rose 0.79 per cent to Rs 26,671 per 10 grams at the futures trade today as speculators created fresh positions, taking positive cues from global markets. On the Multi Commodit...
newratings.com  Aug 27  Comment 
WASHINGTON (dpa-AFX) - Gold futures edged lower for a fourth day, as a blockbuster U.S. GDP report eased fears about markets and the global economy. With stocks snapping back and the economy on solid footing, the Federal Reserve may raise rates...
The Hindu Business Line  Aug 27  Comment 
Comex gold futures were lower Thursday, after its biggest one-day drop in five weeks, supported by speculation that a U.S. rate hike may take longer than expected but still under pressure...
MarketWatch  Aug 27  Comment 
Gold futures registers a fourth straight day of losses, settling lower as the precious metal sees pressure from a stronger dollar and a rally in global markets.
The Hindu Business Line  Aug 27  Comment 
Amid a weak global trend and subdued demand at spot market, gold prices eased further by 0.21 per cent to Rs 26,618 per 10 grams at the futures trade today as speculators engaged in reducing their...
MarketWatch  Aug 26  Comment 
Gold settles at its lowest level in over a week after losing ground for a third straight session.
The Hindu Business Line  Aug 26  Comment 
Amid a weakening global trend, gold futures fell Rs 64 to Rs 26,674 per 10 gm today as participants reduced their positions.Further, fall in demand from jewellers at the spot markets too we...
MarketWatch  Aug 25  Comment 
Gold futures settle near a one week low as stock markets mostly stabilize after the prior day’s rout.
The Hindu Business Line  Aug 25  Comment 
Amid a weak global trend, gold futures traded lower by Rs 186 at Rs 27,262 per 10 gm today as speculators trimmed their positions.Gold for delivery in October dropped Rs 186 or 0.68 per cen...




 
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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