All members:
In accordance with the holiday schedule of Qingming Festival, Shanghai Gold Exchange (SGE) will be closed from April 4(Saturday) to April 6(Monday). There will be no night session trading session on April 3(Friday), and the market will resume on April 7(Tuesday).
To prevent gold and silver price fluctuations during the holiday period in the international market, 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 limits for gold and silver deferred contracts. The details are as follows:
Effective from the day-end settlement after the close of trading on Thursday, April 2, 2026, 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 19%, and the price limit starting from the next trading day shall be adjusted from 17% to 18%; the margin ratio for Ag(T+D) contract shall be adjusted from 24% to 25%, and the price limit starting from the next trading day shall be adjusted from 23% to 24%.
If a limit-locked market occurs on April 1, 2025, and the adjusted margin ratios and price limits 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.
After trading resumes on April 7, 2026 (Tuesday), as of after-hours clearing of the first trading day without a limit-locked market, the margin ratio for contracts including Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, and NYAuTN12 shall be restored to 18%, and the price limit starting from the next trading day shall be restored to 17%; the margin ratio for Ag(T+D) contract shall be restored to 24%, and the price limit starting from the next trading day shall be restored to 23%.
All members shall raise risk prevention awareness, make detailed risk contingency plans, remind investors to be prudent in risk prevention, reasonably control positions, be rational during trading and ensure the stable and healthy operation of the market. To prevent gold and silver price fluctuations during the holiday period in the international market, nd 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 limits for gold and silver deferred contracts, and the margin of performance-guaranteed price asking contracts. The details are as follows: