Group 1 - The Shanghai Gold Exchange will be closed from October 1 to October 8 for the National Day holiday, with trading resuming on October 9 [1] - To mitigate risks associated with potential fluctuations in international gold and silver prices during the holiday, the Exchange is adjusting margin levels and price limits for gold and silver deferred contracts [1] - Starting from the close of trading on September 26, the margin ratio for various gold contracts will increase from 14% to 16%, and the price limit will change from 13% to 15%. For silver contracts, the margin will rise from 17% to 19%, and the price limit will adjust from 16% to 18% [1] Group 2 - Members are advised to enhance risk awareness and develop detailed emergency response plans to ensure market stability and healthy operation [2]

Core Viewpoint - The Shanghai Gold Exchange has announced adjustments to margin levels and price fluctuation limits for gold and silver contracts in preparation for the National Day holiday in 2025 [1] Group 1: Market Operations - The Shanghai Gold Exchange will be closed from October 1 to October 8, 2025, and will resume normal operations on October 9, 2025 [1] - There will be no night trading on September 30, 2025 [1] Group 2: Margin and Price Limits Adjustments - Starting from the close on September 26, 2025, the margin ratio for various gold contracts, including Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, and NYAuTN12, will increase from 14% to 16% [1] - The price fluctuation limit for these gold contracts will change from 13% to 15% starting the next trading day [1] - The margin ratio for the Ag(T+D) contract will rise from 17% to 19%, with the price fluctuation limit increasing from 16% to 18% on the following trading day [1]

Core Viewpoint - The Shanghai Gold Exchange has announced adjustments to margin levels and price fluctuation limits for several gold and silver contracts, effective from September 5, 2025, indicating a proactive approach to risk management in the market [2] Group 1: Margin Adjustments - The margin level for Au (T+D), mAu (T+D), Au (T+N1), Au (T+N2), NYAuTN06, and NYAuTN12 contracts will increase from 13% to 14% [2] - The margin level for Ag (T+D) contracts will increase from 16% to 17% [2] Group 2: Price Fluctuation Limits - The price fluctuation limit for gold contracts will change from 12% to 13% starting the next trading day after the margin adjustment [2] - The price fluctuation limit for silver contracts will change from 15% to 16% starting the next trading day after the margin adjustment [2] Group 3: Risk Management Advisory - The Shanghai Gold Exchange has urged its members to enhance risk awareness and develop detailed risk emergency plans [2] - Investors are advised to manage their positions rationally and invest wisely to ensure the stability and healthy operation of the market [2]

Group 1 - The Shanghai Gold Exchange has announced adjustments to the margin levels and price fluctuation limits for gold and silver contracts, effective from September 5, 2025 [1] - The margin level for gold contracts (Au T+D, mAu T+D, Au T+N1, Au T+N2, NYAuTN06, NYAuTN12) will increase from 13% to 14%, and the price fluctuation limit will change from 12% to 13% [1] - The margin level for silver contracts (Ag T+D) will rise from 16% to 17%, with the price fluctuation limit increasing from 15% to 16% [1] Group 2 - The exchange emphasizes the importance of risk awareness among members and encourages the implementation of risk management plans [1] - Investors are advised to manage their positions carefully and invest rationally to ensure the stability and healthy operation of the market [1]

Key Points - The Shanghai Gold Exchange has announced adjustments to the margin levels and price fluctuation limits for gold and silver deferred contracts, effective from September 5, 2025 [2] - The margin level for Au (T+D), mAu (T+D), Au (T+N1), Au (T+N2), NYAuTN06, and NYAuTN12 contracts will increase from 13% to 14%, with the price fluctuation limit changing from 12% to 13% [2] - The margin level for Ag (T+D) contracts will rise from 16% to 17%, and the price fluctuation limit will be adjusted from 15% to 16% [2] - Members are advised to enhance risk awareness and prepare emergency risk response plans to ensure market stability [3]

Group 1 - The opening price for Au99.95 was 773.00, with a closing price of 777.58, reflecting an increase of 10.06 yuan or 1.31% [2] - Au100g opened at 771.00 and closed at 777.37, showing an increase of 8.32 yuan or 1.08% [2] - Au(T+D) had an opening price of 768.20 and closed at 775.55, with an increase of 18.76 yuan or 1.14% [3] Group 2 - The highest price for Au99.95 reached 778.40, while the lowest was 773.00 [2] - The trading volume for Au(T+D) was 47,492, with a total transaction amount of 36,838,943,860 yuan [3] - The weighted average price for Pt99.95 was 312.96, with a closing price of 314.56, reflecting an increase of 4.64 yuan or 1.50% [3] Group 3 - The opening price for NYAuTN06 was 779.10, with a closing price of 779.90, indicating an increase of 9.95 yuan or 1.29% [4] - The trading volume for NYAuTN12 was 14.4, with a closing price of 776.75, reflecting an increase of 10.4 yuan or 1.36% [4] - The total transaction amount for PGC30g was 46,620 yuan, with a closing price of 777.00 [4]

Group 1 - The gold market showed slight price increases, with Au99.95 closing at 769.37, up by 2.34 yuan or 0.31% [3][4] - Au100g opened at 772.00 and closed at 771.00, reflecting a minor increase of 0.55 yuan or 0.07% [3] - The trading volume for Au(T+D) was significant at 26,258, with a closing price of 769.48, up by 2.36 yuan or 0.31% [4] Group 2 - The NYAuTN06 contract opened at 775.30 and closed at 773.80, with an increase of 1.7 yuan or 0.22% [5] - The market for PGC30g showed a stable price, opening and closing at 770.00, with a slight increase of 2.9 yuan or 0.38% [5] - The overall trading activity in the gold market indicates a steady demand, with significant transaction volumes across various contracts [3][4][5]

Group 1 - The opening price for Au99.95 was 769.20, with a closing price of 770.25, reflecting a decrease of 2.37 yuan or -0.31% [2] - Au99.99 opened at 772.00 and closed at 771.80, showing a decline of 2.41 yuan or -0.31% [2] - The trading volume for Au99.95 was 4, with a transaction amount of 3,081,000 yuan [2] Group 2 - Au(T+D) opened at 770.60, reached a high of 771.84, and closed at 771.58, with a decrease of 1.59 yuan or -0.21% [3] - The trading volume for Au(T+D) was 34,706, with a transaction amount of 26,712,534,440 yuan [3] - The opening price for Pt99.95 was 330.47, with a closing price of 337.07, reflecting an increase of 4.16 yuan or 1.25% [3] Group 3 - The opening price for NYAuTN06 was 775.30, with a closing price of 775.85, showing a decrease of 1 yuan or -0.38% [4] - The trading volume for NYAuTN06 was 13.6, with a transaction amount of 10,548,920 yuan [4] - PGC30g opened and closed at 776.00, reflecting an increase of 12 yuan or 0.26% [4]

Price Movements - The opening price for Au99.95 was 773.00, with a closing price of 772.62, reflecting a decrease of 2.37 yuan or 0.31% [2] - Au99.99 opened at 774.10 and closed at 774.21, showing a decrease of 1.13 yuan or 0.15% [2] - Au100g had an opening price of 770.02 and closed at 774.19, with a decrease of 2.34 yuan or 0.30% [2] - Au(T+D) opened at 772.50 and closed at 773.61, reflecting a decrease of 4.23 yuan or 0.54% [3] Trading Volume and Amount - The trading volume for Au99.95 was 14, with a transaction amount of 10,816,800 yuan [2] - Au99.99 had a trading volume of 5521.44 and a transaction amount of 4,269,150,016.8 yuan [2] - Au(T+D) recorded a trading volume of 29,664 and a transaction amount of 22,935,323,020 yuan [3] Market Performance - The weighted average price for Au99.95 was 772.62, while for Au99.99 it was 773.19 [2] - The weighted average price for Au(T+D) was 773.17, indicating a stable market performance [3] - The market holding for Au99.95 was not specified, while Au99.99 had a market holding of 4,269,150,016.8 yuan [2] Price Fluctuations - The highest price for Au99.95 reached 773.50, while the lowest was 772.30 [2] - Au99.99 saw a highest price of 775.00 and a lowest of 772.20 [2] - The highest price for Au(T+D) was 775.25, with a lowest price of 770.50 [3]

Group 1 - The opening price for Au99.95 was 785.00, with a closing price of 787.05, reflecting an increase of 16.18 yuan or 0.79% [2] - Au99.99 opened at 782.30 and closed at 788.50, showing a rise of 18.15 yuan or 1.04% [2] - The average price for Au100g was 787.72, with a trading volume of 22 and a total transaction amount of 17,487,498 yuan [2] Group 2 - Au(T+D) opened at 781.80, reached a high of 789.00, and closed at 788.19, with an increase of 17.16 yuan or 0.92% [3] - The average price for Au(T+D) was 787.11, with a trading volume of 61,076 and a total transaction amount of 48,073,950,280 yuan [3] - The opening price for Pt99.95 was 342.38, with a closing price of 343.24, reflecting a decrease of 2.05 yuan or 0.59% [3] Group 3 - The opening price for NYAuTN06 was 792.50, with a closing price of 793.20, indicating an increase of 18.3 yuan or 1.06% [4] - NYAuTN12 opened at 790.70 and closed at 791.10, showing an increase of 8.2 yuan or 1.05% [4] - The average price for NYAuTN06 was 792.45, with a trading volume of 17 and a total transaction amount of 13,471,740 yuan [4]