At the Commodity Exchange (COMEX), gold future for December 2011 delivery traded at US$1,761.3 per ounce, down by 0.73%, after opening at US$1,764.7 against the previous closing price of US$1,774.3. It touched the intra-day low of US$1,757.6 with a business volume of 7,820 lots till the electronic trading. (At 10.40 AM CT).
Some of the worlds gold markets are OTC markets at London (LBMA), New York and Zurich, Gold derivative exchanges at New York - CME (COMEX), Tokyo (TOCOM) and Mumbai (MCX) while Istanbul, Dubai, Hong Kong and Singapore are doorways to important consuming regions.
Gold is the oldest precious metal known to man and for thousands of years it has been valued as a global currency, a commodity, an investment and simply an object of beauty.