Source: https://mochatrade.com/learn/glossary/gold-futures

# Gold futures
URL: https://mochatrade.com/learn/glossary/gold-futures
Last modified: 2026-10-17

Gold futures are exchange-traded contracts on gold, the benchmark on COMEX in dollars per troy ounce, trading above London spot by the carry. Gold pays nothing, so [real yields move it more than mines do](https://mochatrade.com/learn/us-market-structure/how-the-fed-moves-markets), and [MCX gold is this price times the rupee, plus duty](https://mochatrade.com/learn). A gold contract on Mochatrade [references spot, not COMEX](https://mochatrade.com/support/what-is-a-perpetual-contract-and-does-it-expire).

## Related terms

- Troy ounce: https://mochatrade.com/learn/glossary/troy-ounce
- COMEX: https://mochatrade.com/learn/glossary/comex
- Gold ETF: https://mochatrade.com/learn/glossary/gold-etf
- Spot price vs futures price: https://mochatrade.com/learn/glossary/spot-price-vs-futures-price
- Copper: https://mochatrade.com/learn/glossary/copper
- Overnight session (24-hour stock trading): https://mochatrade.com/learn/glossary/overnight-session

Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.