All Members:

According to the holiday schedule of SGE, the market will be closed from April 29 (Saturday) to May 3 (Wednesday), the market will reopen on May 4 (Thursday), and there will be no night trading session on April 28 (Friday).
In order to prevent the fluctuation of gold and silver prices in the international market during the holiday period, according to the relevant provisions of Measures for the Administration of Risk Control of Shanghai Gold Exchange, SGE will adjust the margin rate and price limit for gold and silver deferred contracts. The relevant matters are hereby notified as follows:
1.As of after-hours clearing on April 27, 2023 (Thursday), the margin rate for Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12 will be adjusted from 10% to 12%, and the price limit will be adjusted from 9% to 11% from the next trading day. The margin rate of Ag (T+D) contract will be adjusted from 14% to 16% and the price limit will be adjusted from 13% to 15% from the next trading day. Margins for CAu99.99 contracts will be adjusted from 45,000 per lot to 55,000 per lot.
If a limit-locked market occurs on April 27, and the margin rate and price limit adjusted in accordance with the relevant provisions of Measures for the Administration of Risk Control of Shanghai Gold Exchange are higher than the above standards, the higher standards will be applied.

2.After the resumption of trading on May 4, 2023 (Thursday), margin rates for Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, NYAuTN12 will be restored to 10% starting from the after-hours clearing on the first trading day without limit-locked market, and the price limit from the next trading day will be restored to 9%. Margin rate for Ag (T+D) will be restored to 14% and the price limit will be restored to 13% from the next trading day. Margins for CAu99.99 contracts will be adjusted from 55,000 per lot to 50,000 per lot.
All members shall raise risk control awareness, make proper and detailed risk prevention plan, and remind investors of risk management, make rational investment and position management, so as to ensure the healthy and table operation of the market.