All members：
In accordance with the exchange's holiday trading schedule, the Shanghai Gold Exchange (SGE) will be closed from January 28, 2025 (Tuesday) to February 4, 2025 (Tuesday). There will be no trading on February 8, 2025 (Saturday) due to the regular weekend market closure. There will be no night session on January 27, 2025 (Monday), and normal trading will resume on February 5, 2025 (Wednesday).

To guard against potential price fluctuations in gold and silver during the holiday period in the international market, and in accordance with the relevant provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange, adjustments have been made to the margin ratios and price limits for gold and silver deferred contracts, as well as the margin levels for performance-guaranteed price asking contracts. The details are as follows:
1.Starting from the closing settlement on January 24, 2025 (Friday):
The margin ratio for contracts such as Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, and NYAuTN12 will be adjusted from 10% to 13%. The price fluctuation limit will be adjusted from 9% to 12% starting from the next trading day. The margin ratio for the Ag(T+D) contract will be adjusted from 13% to 17%. The price fluctuation limit will be adjusted from 12% to 16% starting from the next trading day. The margin for the CAu99.99 contract will be adjusted from 62,000 yuan per lot to 75,000 yuan per lot.
If a limit-locked market occurs on January 24, 2025, and the adjusted margin ratios and price limits according to the relevant provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange are higher than the aforementioned standards, the higher standards shall prevail.
2. After resuming trading on February 5, 2025 (Wednesday), starting from the closing settlement of the first trading day without a limit-locked market:
The margin ratio for contracts such as Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, and NYAuTN12 will be restored to 10%. The price fluctuation limit will be restored to 9% starting from the next trading day.The margin ratio for the Ag(T+D) contract will be restored to 12%. The price fluctuation limit will be restored to 11% starting from the next trading day.The margin for the CAu99.99 contract will be restored to 65,000 yuan per lot.

We request that all members enhance their awareness of risk prevention, meticulously prepare and execute emergency risk management plans, advise investors to take necessary risk prevention measures, manage their positions prudently, and engage in rational investment practices to ensure the stable and healthy operation of the market.。