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The Tokyo Commodity Exchange, Inc, announced that its December 2013 Gold futures contract (back contract month) temporarily reached 4,911 yen per gram during today’s session renewing the highest price recorded since the listing of gold futures contract at TOCOM on March 23, 1982. Gold price has continued to rise on TOCOM recently, and the all-time high was recorded in the three consecutive days until January 18. Daily trading volume of Gold futures (standard) was 99,878 contracts (including 76,945 contracts traded for December 2013 contract) and the entire TOCOM market to 185,796 contracts today.
The high level of the dollar price of gold as well as the lowered yen, which reached temporarily the level of 90 yen to the dollar are considered to translate to this recent hike in the gold price increase on TOCOM.
1. Quotes for Gold Futures (Standard) on January 18, 2013 (Yen per gram)
|
Contract Month
|
Last Settlement Price
|
Open
|
High
|
Low
|
Close
|
Settlement Price
|
|
December 2013
|
4,796
|
4,801
|
4,911
|
4,800
|
4,910
|
4,908
|
2. TOCOM Gold Futures Price Jan 2000- today (Back contract month, Settlement price/yen per gram)
