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Gold Futures

Contract Unit

100 troy ounces

Price Quotation

U.S. dollars and cents per troy ounce

Trading Hours

Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. /CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)

Minimum Price 

Fluctuation 0.10 per troy ounce = $10.00

Product Code

CME Globex: GC

CME ClearPort: GC

Clearing: GC



Listed Contracts

Monthly contracts listed for 3 consecutive months and any February, April, August, and October in the nearest 23 months and any June and December in the nearest 72 months

Settlement Method


Termination Of Trading

Trading terminates at 12:30 p.m. CT on the third last business day of the contract month.

Trade At Marker Or Trade At Settlement Rules

Trading at Settlement (TAS) is allowed in the first ,second ,third and fourth nearby active contract months- February, April, June, August and December. TAS transactions may be executed at the current day’s settlement price or at any valid price increment up to 10 ticks higher or lower than the settlement price.

TAS trading terminates 3 business days prior to the contract month.

Trading at Marker (TAM) is analogous to our existing Trading at Settlement (TAS) wherein parties are permitted  to trade at a differential that represents a not-yet-known price. TAM trading will use a marker price, whereas TAS trading uses the Exchange-determined settlement price for the applicable contract month. As with TAS trading,parties enter TAM orders at the TAM price or at a differential between one and ten ticks higher or lower than the TAM price. Trading at Marker is available for the London p.m. Marker on the nearest active month ( February, April, June, August, December).

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 delivery month, but not later than the last business day of the current delivery month.

Grade And Quality

Gold delivered under this contract shall assay to a minimum of 995 fineness.