All Members,

According to the holiday trading schedule announced by the Exchange, the Shanghai Gold Exchange will be closed from May 1st (Wednesday) to May 5th (Sunday) and will resume normal trading on May 6th (Monday). There will be no night session trading on April 30th (Tuesday).

In order to prevent the risk of price fluctuations in international markets for gold and silver during the holiday period, according to the Measures for the Administration of Risk Control of Shanghai Gold Exchange, adjustments will be made to the margin ratios and price limit levels for relevant contracts. The details are as follows:

Effective from the close of trading on April 29, 2024 (Monday), the margin ratios for the following contracts will be adjusted: Au (T+D), mAu (T+D), Au (T+N1), Au (T+N2), NYAuTN06, and NYAuTN12 from 9% to 11%, and the price limit levels from the next trading day will be adjusted from 8% to 10%. The margin ratio for Ag (T+D) contracts will be adjusted from 12% to 15%, with price limit levels from the next trading day adjusted from 11% to 14%. The margin for the CAu99.99 contract will be adjusted from 51,000 yuan per lot to 70,000 yuan per lot.
Should there be a one-sided market on April 29, the margin ratios and price limit levels will be adjusted according to the Measures for the Administration of Risk Control of Shanghai Gold Exchange, based on the higher of the above standards or the standards required by these regulations.
After trading resumes on May 6, 2024 (Monday), from the close of trading on the first day without a one-sided market, the margin ratios for the contracts Au (T+D), mAu (T+D), Au (T+N1), Au (T+N2), NYAuTN06, and NYAuTN12 will be restored to 9%, and the price limit levels for the next trading day will be restored to 8%. The margin ratio for Ag (T+D) contracts will be restored to 12%, and the price limit levels for the next trading day will be restored to 11%. The margin for the CAu99.99 contract will be adjusted from 70,000 yuan per lot to 59,000 yuan per lot.
All members are urged to enhance their awareness of risk prevention, thoroughly prepare risk emergency plans, inform investors about risk prevention, control positions reasonably, invest rationally, and ensure the stable and healthy operation of the market.