All members,
In accordance with the relevant provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange, the exchange has adjusted the margin ratios and price-limits for gold and silver deferred contracts. The details are as follows:
Starting from the day-end settlement of September 5, 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 13% to 14%. The price limit will be adjusted from 12% to 13% effective from the next trading day; The margin ratio for Ag(T+D) contract will be adjusted from 16% to 17%. The price limit will be adjusted from 15% to 16% effective from the next trading day.
All members shall enhance risk awareness, prepare detailed risk contingency plans, advise investors to manage risk properly, appropriately manage open interest, invest rationally and maintain stable market operations.

   Shanghai Gold Exchange  

 September 3, 2025