Trading instruments

Gold

Exchange

COMEX

Symbol

GD

Contract name

Gold

Contract size

100 troy ounces

Initial margin

As per CME Group requirements

Price quotation

USD and cents per troy ounce

Trading hours

Sunday – Friday, 6:00 p.m. – 5:00 p.m. ET (60-min break daily at 5:00 p.m.)

Minimum price fluctuation

$0.10 per troy ounce ($10.00 per contract)

Contract months

Current calendar month; next 23 consecutive calendar months; any June and December falling within a 72-month period

First notice day

Last business day of the month preceding the delivery month

Last trading day

3 business days prior to the last business day of the delivery month

Settlement method

Physical Delivery

Price limit

As per exchange rules

Quality standard

Gold with a fineness of not less than 0.995 (99.5% pure) in stamped bars from approved refiners