All members,
Given the significant fluctuations in gold and silver prices, SGE will adjust the margin ratios and price limits for gold and silver deferred contracts in accordance with the relevant provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange. The details are as follows:
Before the close of trading on April 8, 2025 (Tuesday), the margin ratios and price limits for gold and silver deferred contracts will remain at the same levels during the Qingming Festival.
Starting from the closing settlement on April 8, 2025 (Tuesday), the margin ratio for Ag(T+D) contract will be adjusted from 13% to 15%, and the price limit will be adjusted from 12% to 14% starting from the next trading day.
 All members shall enhance risk awareness, prepare risk contingency plans, advise investors to manage risks properly, appropriately manage open interest, invest rationally and maintain stable market operations.