Share

Tweet this

Dealing Desk Hotline

(603)-2181 8848

Contract Specifications for COMEX Gold Futures (GC)

EXCHANGE Chicago Mercantile Exchange (CME)
PRODUCT CODE CME Globex: GC
CME ClearPort: GC
Clearing: GC
TAS: GCT
VENUE CME Globex, CME Clear Port, Open Outcry (New York)
TRADING HOURS CME Globex:
Sunday – Friday 6:00 pm – 5:00 pm (5:00 pm – 4:00 pm Chicago Time/CT) with a 60-minute break each day beginning at 5:00 pm (4:00 pm CT)

CME Clear Port:
Sunday – Friday 6:00 pm – 5:00 pm (5:00 pm – 4:00 pm Chicago Time/CT) with a 60-minute break each day beginning at 5:00 pm (4:00 pm CT)

CONTRACT UNIT 100 troy ounces
PRICE QUOTATION U.S. dollars and cents per troy ounce
MINIMUM PRICE FLUCTUATION $0.10 per troy ounce
TERMINATION OF TRADING Trading terminates on the third last business day of the delivery month.
LISTED CONTRACTS Trading is conducted for delivery during the current calendar month; the next two calendar months; any February, April, August, and October falling within a 23-month period; and any June and December falling within a 72-month period beginning with the current month.
SETTLEMENT METHOD Deliverable
SETTLEMENT PROCEDURES Gold Settlement Procedures
DELIVERY PERIOD Delivery may take place on any business day beginning on the first business day of the delivery month or any subsequent business day of the deliver month but no later than the last business day of the current delivery month.
BLOCK MINIMUM Block Minimum Thresholds
TRADE AT MARKER OR TRADE AT SETTLEMENT RULES Trading at Settlement is allowed in the active contract month. The active contract months will be February, April, June, August and December. On any given date, TAS transactions will be allowed only in a single contract month.

TAS transactions may be executed at the current day’s settlement price or at any valid price increment ten ticks higher or lower than the settlement price.

GRADE & QUALITY Gold delivered under this contract shall assay to a minimum of 995 fineness.
POSITION LIMITS NYMEX Position Limits
PRICE LIMIT OR CIRCUIT Price Limits
VENDOR CODES Quote Vendor Symbols Listing
EXCHANGE RULEBOOK COMEX 113

This page was last updated: November 04, 2015

RECOMMENDATIONS

 

I’m interested to trade but I don’t have an account. Where do I start?

If you are new to futures trading, we highly recommend you read through each of these informative links on how to get started.

SiteLock