Gold Futures Contract Specs
| Gold Futures Info: |
Futures Charts, Quotes, Options |
| Trading Unit |
100 troy ounces. |
| Trading Hours: |
Open outcry trading is conducted from 8:20 AM until 1:30 PM. |
| Price Quotation |
U.S. dollars and cents per troy ounce. |
| Trading Months: |
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 60-month period beginning with the current month. |
| Ticker Symbol: |
GC |
| Minimum Fluctuation: |
$0.10 (10¢) per troy ounce ($10.00 per contract). |
| Margin Requirements: |
Margins are required for open futures positions. |
| Last Trading Day: |
Trading terminates at the close of business on the third to last business day of the maturing delivery month. |
| Daily Limit on Price Movement: |
Initial price limit, based upon the preceding day's settlement price, is $75.00 per ounce. Two minutes after either of the two most active months trades at the limit, trades in all months of futures and options will cease for a 15-minute period. Trading will also cease if either of the two active months is bid at the upper limit or offered at the lower limit for two minutes without trading. Trading will not cease if the limit is reached during the final 20 minutes of a day's trading. If the limit is reached during the final half hour of trading, trading will resume no later than 10 minutes before the normal closing time. When trading resumes after a cessation of trading, the price limits will be expanded by increments of 100%. |
| Position Limits: |
Any one month/all months: 6,000 net futures equivalent, but not to exceed 3,000 in the spot month. |
These contract specifications are subject to change.
Content Provided by NYMEX.com
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