上金所再发通知！提醒做好2026年元旦期间市场风险控制

Core Viewpoint - Shanghai Gold Exchange has issued a notice regarding market risk control measures for the New Year holiday period in 2026, emphasizing the importance of risk management for its member units [2][8]. Summary by Sections Market Closure and Trading Resumption - The exchange will be closed on January 1, 2026, and will resume trading on January 5, 2026. There will be no night trading on December 31, 2025 [2][9]. Margin and Price Limit Adjustments - Starting from the close on December 30, 2025, the margin ratio for various gold contracts (Au (T+D), mAu (T+D), Au (T+N1), Au (T+N2), NYAuTN06, NYAuTN12) will increase from 16% to 17%, and the price limit will change from 15% to 16%. For the Ag (T+D) contract, the margin will rise from 19% to 20%, with the price limit adjusting from 18% to 19%. The margin for CAu99.99 will increase from 85,000 yuan to 120,000 yuan per contract [9][10]. Post-Holiday Margin and Price Limit Restoration - After trading resumes on January 5, 2026, the margin ratios and price limits for the aforementioned contracts will revert to their original levels (16% margin and 15% price limit for gold contracts, 19% margin and 18% price limit for silver contracts) on the first trading day without a one-sided market [3][10]. Risk Management Emphasis - The exchange urges its members to enhance risk awareness, develop detailed emergency response plans, and advise investors to manage risks effectively and maintain rational investment practices to ensure market stability [3][10].