What is the difference between gold spot and COMEX?

Comex is a highly organized exchange for the buying and selling of futures contracts and options for metals, including gold. By contrast, the spot market price for gold (or any other commodity) reflects what buyers and sellers are willing to trade gold for in the present, for immediate delivery.

What is COMEX gold price?

1,804.30 USD
Commodities news

Who owns COMEX gold?

the CME Group
The COMEX is administered by the CME Group, which oversees around 3 billion options and future, making it the largest derivatives market in the world.

What is COMEX short for?

COMEX is the primary futures and options market for trading metals such as gold, silver, copper, and aluminum. COMEX is an abbreviation of the exchange’s full name: The Commodity Exchange Inc., COMEX merged with the New York Mercantile Exchange (NYMEX) in 1994 and became the platform responsible for its metals trading.

What is the silver COMEX?

COMEX is a futures and options market to trade commodities such as silver, gold, aluminium, and copper. COMEX was previously known as the Commodity Exchange Inc and is now merged with NYMEX and handles metals trading. COMEX basically serves as the principal gold clearinghouse.

Can Indian trade in COMEX?

Unique modus operandi: Selling silver futures in India & buying on Comex. According to Indian laws, commodity brokers are barred from trading in international exchanges. They are neither allowed to trade on terminals sold by foreign bourses nor use Internet accounts to take positions there.

How does the Comex work?

COMEX publishes contract specifications, performance bond and margin information, as well as a product calendar for each of the metals products it offers. Included in its suite of metal offerings are copper futures and options, and the calendar swaps of each. Swaps are risk management instruments.

When was the COMEX created?

1933
In 1933, the COMEX was established through the merger of four smaller exchanges; the National Metal Exchange, the Rubber Exchange of New York, the National Raw Silk Exchange, and the New York Hide Exchange.

What is the COMEX rule?

COMEX Rules means the rules of the COMEX applicable to trading, delivery specifications, and settlement of gold futures contracts.

Can I buy silver from the COMEX?

COMEX is one of the most well-known and recognized exchanges for the trading of metals such as gold, silver, copper and aluminum.

How can I invest in gold COMEX?

In general, investors looking to invest in gold directly have three choices: they can purchase the physical asset, they can purchase shares of a mutual or exchange-traded fund (ETF) that replicates the price of gold, or they can trade futures and options in the commodities market.

What is the COMEX gold futures exchange?

The COMEX is the main exchange for gold futures and is a division of the Chicago Mercantile Ex-change, or the “CME” for short. COMEX simply stands for “Commodity Exchange”, and it’s not just gold that is traded here. Several other metals are also traded here, including silver, aluminum and copper.

What is COMEX and how does it work?

What is COMEX. COMEX is the primary futures and options market for trading metals such as gold, silver, copper and aluminum.

How does the Comex affect the precious metals market?

The prices and daily activities of global traders on the exchange impact the precious metals markets around the world. COMEX serves as the primary clearinghouse for gold, silver and copper futures, all of which are traded in standardized contract sizes, as well as a mini and/or micro version.

Who owns NYMEX and COMEX?

In 2008, the CME Group purchased the exchange. Now both NYMEX and COMEX function as designated contract markets alongside the Chicago Mercantile Exchange and the Chicago Board of Trade, which the CME Group also owns.