上金所下调部分合约保证金水平和涨跌停板比例

Core Viewpoint - The Shanghai Gold Exchange has announced adjustments to margin levels and price fluctuation limits for certain contracts, effective February 24, 2026, to enhance market stability and risk management [1][2]. Margin Adjustments - The margin ratio for contracts such as Au (T+D), mAu (T+D), Au (T+N1), Au (T+N2), NYAuTN06, and NYAuTN12 will be reduced from 21% to 18% [1][2]. - The margin ratio for the Ag (T+D) contract will decrease from 27% to 24% [1][2]. - The margin per hand for the CAu99.99 contract will be adjusted from 200,000 yuan to 180,000 yuan [1][2]. Price Fluctuation Limits - The price fluctuation limit for the aforementioned gold contracts will be adjusted from 20% to 17% starting the next trading day [1][2]. - The price fluctuation limit for the Ag (T+D) contract will be reduced from 26% to 23% [1][2]. Risk Management Advisory - The Shanghai Gold Exchange has advised its members to enhance risk awareness and develop detailed risk emergency plans [1][2]. - Investors are encouraged to manage their positions wisely and invest rationally to ensure the stable and healthy operation of the market [1][2].