Energy & metals
What are the specific delivery specifications and purity standards required for a valid CME gold futures delivery?
By Easy Money Scanner · Educational reference · Not investment advice
The short answer
CME COMEX gold futures require delivery of 100 troy ounce bars with minimum .995 fineness, produced by an exchange-approved refiner and stored in a CME-licensed depository.
How it works
Delivery occurs via warehouse receipts during the contract's delivery period; bars must carry acceptable refiner stamps, weight, and serial numbers verified against COMEX-approved brand lists.
An example
A trader standing for delivery on GC futures receives a 100-ounce bar from an approved refiner like PAMP Suisse, stored at a COMEX depository in New York.
Risk & limitations
Non-conforming bars or refiners not on the approved list cannot be used for delivery, forcing traders to source substitute metal or cash-settle the obligation.
Examples are hypothetical, not trade recommendations. US contract and regulatory references do not automatically apply in Canada. Rules, margin requirements and broker policies can change; confirm them with the relevant authority and your broker.