Shanghai Gold Exchange: Notice On Market Risk Control During The Dragon Boat Festival In 2024

In accordance with the holiday market closure schedule announced of SGE, SGE will be closed from June 8th（Saturday） to June 10th（Monday）. There will be no night trading session on June 7th （Friday）, and the market will resume as usual from June 11th （Tuesday）.

To prevent price fluctuation in the international market during the holiday, in accordance with the relevant provisions of the "Measures for the Administration of Risk Control of Shanghai Gold Exchange", SGE will adjust the margin rates and price limits of gold and silver deferred contracts, and the margin of performance-guarantee price asking contracts. The details are as follows:

As of after-hours clearing on June 6th 2024（Thursday）, the margin rates for Au(T+D), mAu(T+D), Au(T+N2), NYAuTN06, NYAuTN12 will be adjusted from 10% to 11%, and price limits will be adjusted from 9% to 10% starting from the next trading day. The margin rate and price limit for Au(T+N1) contract will remain unchanged. The margin rate for Ag(T+D) contract will be adjusted from 13% to 15%, and the price limit will be adjusted from 12% to 14% starting from the next trading day. The margin for CAu99.99 contract will be adjusted from 59,000 yuan per lot to 71,000 yuan per lot.
If a limit-lock market occurs on June 6th, higher margin rates and price limits between the rates mentioned above and the rates in accordance to the Measures for the Administration of Risk Control of the Shanghai Gold Exchange will be adopted.
After the resumption of trading on June 11th, 2024（Tuesday）, as of after-hours clearing from the first trading day without a limit-locked market, the margin rates for Au(T+D), mAu(T+D), Au(T+N2), NYAuTN06, NYAuTN12 will be restored to 10%, and price limit will be restored to 9% starting from the next trading day. The margin rate for Ag(T+D) contract will be restored to 13%, and price limit will be restored to 12% starting from the next trading day. The margin for CAu99.99 contract will be restored to 65,000 yuan per lot.
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.