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Precious margins up
September 28, 2011, Wednesday
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Print Edition
Print Edition
THE Shanghai Gold Exchange is to raise the margin requirements for gold contracts to 20 percent from 15 percent ahead of the National Day holiday.
The bourse yesterday announced the margin requirements will be raised from tomorrow. The exchange will also increase silver contract margins to 22 percent from 18 percent on the same day.
The daily limit for price movements will be increased to 20 percent from 15 percent for silver and to 18 percent from 12 percent for gold on Friday, it said.
The margin requirements for gold and silver contracts will return to normal on October 10 when trading resumes, it said. The daily limit for price movements for gold and silver will be narrowed to 9 percent and 12 percent respectively on October 11.
The bourse yesterday announced the margin requirements will be raised from tomorrow. The exchange will also increase silver contract margins to 22 percent from 18 percent on the same day.
The daily limit for price movements will be increased to 20 percent from 15 percent for silver and to 18 percent from 12 percent for gold on Friday, it said.
The margin requirements for gold and silver contracts will return to normal on October 10 when trading resumes, it said. The daily limit for price movements for gold and silver will be narrowed to 9 percent and 12 percent respectively on October 11.
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