QUOTE AND NEWS
The Hindu Business Line  Dec 19  Comment 
Gold prices rose Rs 34 or 0.13 per cent to Rs 26,849 per 10 grams at the futures trade today after participants created fresh positions taking cues from overseas market.At the Multi Commodi...
The Hindu Business Line  Dec 18  Comment 
Taking positive cues from global market, gold rose 0.22 per cent to Rs 27,014 per ten gram at the futures trade today as speculators enlarged positions. At the Multi Commodity Exchange,...
The Hindu Business Line  Dec 17  Comment 
Gold futures traded a shade higher at Rs 27,371 per ten grams as speculators created fresh positions taking positive cues from global market ahead of the outcome of the US Federal Reserve meeting.
WA Business News  Dec 16  Comment 
Gold futures have fallen on fears of a hawkish monetary policy statement from the Federal Reserve and concerns about the Russian rouble's continued decline.
Mondo Visione  Dec 16  Comment 
Gold Futures up 22% year-on-year and 39% month-on-month Monthly  volumes rose 19% year-on-year Indian Rupee Futures and Mini Indian Rupee Futures grew 11% and 78% year-on -year November volumes on the Dubai Gold and Commodities Exchange...
The Hindu Business Line  Dec 16  Comment 
Gold prices fell 1.13 per cent to Rs 27,011 per 10 grams at the futures trade today as speculators reduced their exposures, tracking overnight plunge in precious metals in the global market.
The Hindu Business Line  Dec 15  Comment 
The gold futures contract traded on the Multi Commodity Exchange (MCX) witnessed a sharp rally of over 3 per cent in the past week. A strong surge in the global spot gold price and a weak r...
Clusterstock  Dec 15  Comment 
New York Magazine's Jessica Pressler reports that Stuyvesant High School senior Mohammed "Mo" Islam is rumored among his friends and classmates to have made $72 million trading the stock market.  While having caviar and apple juice with his...
The Hindu Business Line  Dec 15  Comment 
Gold futures fell 0.5 per cent to Rs 27,024 per 10 grams today as participants indulged in reducing exposures, largely in line with a global trend.At the Multi Commodity Exchange, gold for...
Resource Investor  Dec 12  Comment 
After rising 3.5% in the first two days of the week, the U.S. Comex gold futures retreated 0.52% in the following two days to end at $1,225.60 on Thursday.




 
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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