Micro Gold Futures Contract Specs

Futures

Contract Unit	10 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 = $1.00
Product Code	CME Globex: MGC CME ClearPort: MGC Clearing: MGC TAS: MGT
Listed Contracts	Monthly contracts listed for any Feb, Apr, Jun, Aug, Oct, and Dec in the nearest 24 months
Settlement Method	Deliverable
Termination Of Trading	Trading terminates on the third last business day of the contract month.
Trade At Marker Or Trade At Settlement Rules	Trading at Settlement is eligible in the first, second and third active contract month - February, April, June, August, December.
Settlement Procedures	Micro Gold Futures Settlement Procedures
Position Limits	NYMEX Position Limits
Exchange Rulebook	COMEX 120
Price Limit Or Circuit	Price Limits
Vendor Codes	Quote Vendor Symbols Listing
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.

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