All Members:
In accordance with the holiday schedule, SGE will be closed for the Mid-Autumn Festival from September 25 (Friday) to September 27 (Sunday), 2026, and will resume normal trading on September 28 (Monday). There will be no night session on September 24 (Thursday). SGE will be closed for the National Day holiday from October 1 (Thursday) to October 7 (Wednesday), and will resume normal trading on October 8 (Thursday). There will beno night session on September 30 (Wednesday).
To prevent market risks arising from fluctuations in international gold and silver prices during the holidays, and in accordance with the relevant provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange, SGE will adjust the trading margin ratios and price limits of the relevant contracts. The relevant matters are hereby set out as follows:
1.The margin ratios and price limits of deferred contracts will remain unchanged during the Mid-Autumn Festival.
2. As of the settlement at market close on September 28, 2026 (Monday), the margin ratios for contracts such as Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06 and NYAuTN12 will be adjusted from 15% to 18%, and the price limits will be adjusted from 14% to 17% from the next trading day onwards; the margin ratio for Ag(T+D) contract will be adjusted from 21% to 24%, and the price limit adjusted from 20% to 23% from the next trading day onwards.
If a limit-locked market occurs on September 28, and the margin ratios and price limits adjusted in accordance with the relevant provisions of the Measures for the Administration of Risk Control of Shanghai Gold Exchange are higher than the above standards, the higher standards shall apply.
3. After trading resumes on October 8, 2026 (Thursday), starting from the closing settlement of the first trading day without a limit-locked market, the margin ratios for contracts such as Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06 and NYAuTN12 will be restored to 15%, with the price limits restored to 14% from the next trading day onwards; the margin ratio for the Ag(T+D) contract will be restored to 21%, with the price limit restored to 20% from the next trading day onwards.
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, so as to ensure the stable and healthy operation of the market.