All Members:
According to the Chinese New Year holiday schedule, SGE will be closed from February 14 (Saturday) to February 23 (Monday). No night session will be conducted on the evening of February 13 (Friday). Trading will resume on February 24 (Tuesday).
To guard against gold and silver price volatility in international markets during the holiday, and in accordance with the relevant provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange, SGE hereby will adjust the margin ratio and price limit for gold and silver deferred contracts, as well as the margin for performance-guaranteed price asking contracts. The relevant matters are hereby notified as follows:
Effective from the close of settlement on February 11, 2026 (Wednesday): The margin ratio for contracts including Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, and NYAuTN12 shall be adjusted from 18% to 21%, and the price limit shall be adjusted from 17% to 20% from the next trading day; The margin ratio for Ag(T+D) contracts shall be adjusted from 24% to 27%, and the price limit shall be adjusted from 23% to 26% from the next trading day; The margin for CAu99.99 contracts shall be adjusted from 150,000 to 200,000 yuan per lot.
Should a limit-locked market occurs on February 11, and the margin and price limit levels adjusted in accordance with the relevant provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange be higher than the above standards, the higher standards shall prevail.
SGE will issue separate notice regarding subsequent adjustments to the margin ratio and price limit for the above contracts after Chinese New Year.
All members are advised to enhance risk awareness, make detailed contingency plans, remind investors to strengthen risk prevention, maintain reasonable position control, invest prudently, and ensure stable and healthy market operation.