All Members,

In accordance with the relevant provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange, SGE will adjust the margin ratios and price limit for certain gold contracts. The details are hereby notified as follows:

Effective from the closing settlement on February 9, 2026 (Monday), 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 17% to 18%, and the price limit will be adjusted from 16% to 17% from the next trading day; the margin ratio for Ag (T+D) contract shall be adjusted from 23% to 24%, and the price limit will be adjusted from 22% to 23% from the next trading day .

If a limit-locked market occurs on February 9, higher margin ratios and price limits between the ratios mentioned above and the ratios in accordance to the Measures for the Administration of Risk Control of the Shanghai Gold Exchange will be adopted. 

All members shall  enhance risk awareness, refine risk contingency plans, advise investors to strengthen risk prevention, reasonably control positions, invest rationally, and ensure the stable and healthy operation of the market.