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London Spot Gold Futures Contract Specs

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 CME ClearPort: $0.1 per Troy Ounce
Settlements and Inter-Commodity Spreads:  $0.01 per Troy Ounce
CME Globex: $0.10 per Troy Ounce
Settlements and Inter-Commodity Spreads:  $0.01 per Troy Ounce
Product Code CME Globex: GSP
CME ClearPort: GSP
Clearing: GSP
Listed Contracts Daily contracts listed for 1 day
Settlement Method Deliverable
Termination Of Trading Trading terminates at the close of business on the contract day.
Settlement Procedures Daily Settlement Procedure 
http://www.cmegroup.com/confluence/display/EPICSANDBOX/London+Spot+Gold
Position Limits NYMEX Position Limits
Exchange Rulebook COMEX 129
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Delivery Period The second London banking business day following the trading day, or, if that date is not also a New York banking day, the first subsequent day that is a banking day in both London and New York.
Grade And Quality Gold delivered under this product shall assay to a minimum of 995 fineness.