comex inventory · Gold

COMEX Eligible Gold Inventory

Exchange-standard gold in approved vaults without a delivery warrant.

DELAYEDDaily (business days), typically after CME registrar release (~7pm CT).·Source: COMEX / CME Group

Current Reading

Latest

12,342,290

30 trading days

-36.0%

Percentile

51th

Observation date

2026-07-13

Caution context

Inventory contracting

Observed: Latest value: 12.34M oz
Observed: 30 trading days: -36.0%
Observed: Historical percentile (available sample): 51th

Interpretation: Eligible inventory contracting. Eligible metal may become registered. It should not automatically be treated as immediately deliverable.

Historical Chart

Chart range uses verified stored history. Visualization and analysis: Grey Rabbit Markets. Data: COMEX / CME Group.

What Is It?

Exchange-standard metal stored in approved warehouses that does not currently carry a warrant for futures delivery.

Why It Matters

Eligible metal can be converted to registered status. The eligible-to-registered pipeline affects near-term deliverable supply.

How to Interpret It

Rising: Eligible inventory expanding — more unwarranted exchange-standard metal in vaults.
Falling: Eligible inventory contracting.
Elevated: Eligible stocks are elevated versus recent history.
Subdued: Eligible stocks are below the recent average.
Eligible metal may become registered.
It should not automatically be treated as immediately deliverable.
Shifts between eligible and registered matter for delivery context.

Limitations

Eligible metal is not immediately deliverable against futures until registered.
Does not capture private vault holdings outside COMEX-approved warehouses.

COMEX Registered

Warranted gold available for delivery against COMEX futures.

COMEX Total

Registered plus eligible COMEX warehouse gold when both readings are valid.

Delivery Notices

Notices associated with futures delivery activity during the delivery process.

Source and Methodology

Visualization and analysis: Grey Rabbit Markets
Data: COMEX / CME Group
Update frequency: Daily (business days), typically after CME registrar release (~7pm CT).
Unit: oz
Verification: verified
Source link: Official provider

Source series: CME Group Gold Stocks eligible category.
Unit: troy ounces.

New to this metric?

COMEX Basics
Registered vs Eligible

Registered vs Eligible

Registered metal carries a warrant for futures delivery. Eligible metal meets exchange standards but is not currently warranted. Metal can move between the two categories.

Open Interest

Open interest counts outstanding futures contracts. It reflects paper exposure, not physical holdings, and is not inherently bullish or bearish.

Gold ETF Holdings

Holdings measure metal backing ETF shares. Monthly flows measure net changes in those holdings — they are related but not interchangeable.

Central Bank Gold Demand

Official-sector purchases provide sovereign demand context. Reported figures may lag and can be revised.

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