Physical Delivery of COMEX Precious Metal Futures (2024)

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Physical Delivery of COMEX Precious Metal Futures (2024)

FAQs

Can I take physical delivery of gold futures? ›

CME Group offers a range of Precious Metals futures contracts that result in physical delivery on maturity. The most significant of these are Gold, Silver, Platinum and Palladium futures.

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Can you take delivery of COMEX silver? ›

COMEX silver warrant. Although the 1,000-oz. Silver Futures contract does not allow an individual to take possession of a 1,000-oz. silver bar, individuals may, through accumulation of ACEs and a simple conversion process, take delivery of a 5,000-oz.

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How do you take physical delivery of futures? ›

In case of eDIS account (i.e. Non POA accounts) if you wish to give delivery request for contract positions where shares are deliverable (Future Sell, Call Sell or Put Long) then you are required to give e-DIS mandate for the stock in your Demat allocation and only then you will be able to take physical delivery in F&O ...

Do commodity futures actually get delivered? ›

If the contract holder opts to take a short position, they are responsible for the physical delivery of the commodity. If the holder opts to take a long position, they will be taking, i.e., receiving physical delivery of the commodity.

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Who determines when physical delivery will take place in a futures contract? ›

The exchange specifies the exact delivery date. Futures are standardized contracts, with the terms established by the exchange.

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How is physical gold delivered? ›

GoldBroker.com delivers physical gold and silver to the United States via an insured shipping service. The three major carriers in the United States are UPS, FedEx and USPS. These carriers are multinational companies that operate throughout the globe.

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How much silver is left in the COMEX? ›

COMEX Inventory: Silver

Target	Latest
COMEX Inventory: Silver	306.58M

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Can you buy physical gold at COMEX? ›

Interactive Brokers offers trading on various COMEX precious metal futures and eligible clients can take physical delivery of COMEX silver or gold futures.

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What is the COMEX silver Rule 7? ›

On January 7, 1980, in response to the Hunts' accumulation, the exchange rules regarding leverage were changed; COMEX adopted "Silver Rule 7", which placed heavy restrictions on the purchase of commodities on margin.

Which futures are physically delivered? ›

A physically delivered Utility Markets futures contract is a physically settled derivative contract to buy (“long position”) or sell (“short position”) a specified quantity and quality of a Utility Markets contract such as gas, power, coal or emissions allowances or credits at a certain time in the future, for a ...

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What is option with physical delivery? ›

Physical delivery is a term in an options or futures contract which requires the actual underlying asset to be delivered upon the specified delivery date, rather than being traded out with offsetting contracts.

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What eliminates the risk of physical delivery? ›

For investors in the futures market, an offsetting position eliminates the need to receive physical delivery of the underlying asset or commodity by selling the associated goods to another party.

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Why are futures rarely delivered? ›

Delivery of the underlying assets rarely happens in the futures markets as traders strive to close out their positions before the contract's maturity. Assets can, however, be traded at spot markets using the most recent settlement price.

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What percentage of futures contracts are delivered? ›

Very few positions result in delivery (typically 2 percent or less). Despite few deliveries on most contract expirations, the purpose of the delivery instrument is to tie together the futures with the cash market and drive convergence between futures and cash prices.

Are most futures contracts settled by delivery? ›

Although physical delivery is an important mechanism for certain energy, metals and agriculture products, only a small percent of all commodities futures contracts are physically delivered. In most cases, delivery will take place in the form of cash settlement.

How to take physical delivery of gold in MCX? ›

MCX has various types of gold futures contracts which an investor can buy and then take physical delivery at designated MCX-approved delivery centers on expiry of the specific contract bought. One must physically visit the MCX-approved delivery centers to take delivery of the gold.

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Do commodity swaps involve physical delivery? ›

Typically, commodity swaps are cash-settled, though physical delivery can be stipulated in the contract. In addition to fixed-floating swaps, there is another type of commodity swap, called a commodity-for-interest swap.

Are futures settled physically? ›

Most options and futures contracts are cash-settled. However, an exception is listed equity options contracts, which are often settled by delivery of the actual underlying shares of stock.

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Who takes delivery in a futures contract? ›

A long position holder must be prepared to take delivery of the commodity and pay the full value of the underlying futures contract. The long position holder receives either a warehouse receipt or a shipping certificate which entitles them to obtain the physical commodity from an approved warehouse.

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