Contract Unit 100 troy ounces
Minimum Price Fluctuation 0.10 per troy ounce = $10.00
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)
Product Code CME Globex: OG1,OG2,OG3,OG4,OG5
CME ClearPort: OG1,OG2,OG3,OG4,OG5
Clearing: OG1,OG2,OG3,OG4,OG5
Listed Contracts Weekly contracts listed for 4 consecutive weeks.
No weekly contract listed if it would expire the business day after the expiration of the monthly option.
Termination Of Trading Trading terminates on Friday of the contract week. If Friday is not a business day, trading terminates on the first business day prior to Friday.If the business day immediately preceding the Friday is a Gold monthly option expiration, the weekly option shall not be listed. 
Position Limits COMEX Position Limits
Exchange Rulebook COMEX 1008
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style American
Settlement Method Deliverable
Underlying Gold Futures

About Gold

Gold futures are hedging tools for commercial producers and users of gold. They also provide global gold price discovery and opportunities for portfolio diversification. In addition, they:

  • Offer ongoing trading opportunities, since gold prices respond quickly to political and economic events
  • Serve as an alternative to investing in gold bullion, coins, and mining stocks

Things to know about the contracts:

  • Physically delivered
  • Block-trade eligible
  • American-style options
  • Can be traded off-exchange for clearing only through CME ClearPort