Shanghai Gold Exchange Adjusts Margin Requirements and Price Limits for Gold and Silver Deferred Contracts

The Shanghai Gold Exchange has issued a notice regarding market risk control measures for the 2026 Dragon Boat Festival holiday period.

In line with the holiday schedule, the exchange will be closed from Friday, June 19th to Sunday, June 21st, 2026. There will be no night trading session on Thursday, June 18th, with normal trading resuming on Monday, June 22nd.

To mitigate potential market risks arising from significant price fluctuations in international precious metals during the holiday, the exchange is implementing adjustments to margin requirements and daily price limits for gold and silver deferred contracts, as stipulated in its risk control management rules.

Effective from the close of settlement on Wednesday, June 17th, 2026, the margin ratio for contracts including Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, and NYAuTN12 will be raised from 15% to 16%. The daily price fluctuation limit for these contracts will be adjusted from 14% to 15% starting the next trading day. For the Ag(T+D) contract, the margin ratio will increase from 21% to 22%, and its daily price limit will widen from 20% to 21%.

Should a one-sided market occur on June 17th, the higher margin and price limit levels determined under the exchange's risk control rules will take precedence over the aforementioned adjustments.

Following the market reopening on Monday, June 22nd, the margin requirements and price limits will revert to their standard levels. Starting from the close of settlement on the first trading day without a one-sided market, the margin for the aforementioned gold contracts will return to 15% with a 14% price limit, while the Ag(T+D) contract will revert to a 21% margin and a 20% price limit.