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SGE Relaxes Margin Requirements, Lowers Trading Limits

7 Apr 2020 2:54 pm
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Mumbai (Commodities Control) – China's Shanghai Gold Exchange (SGE) said on Tuesday it would lower trading margins and limits for gold and silver contracts as the market is stabilizing after trade resumed on April 7.

Margin requirements for gold contracts will be cut to 8% from 10% following Tuesday's settlement, with their trading limits to be lowered to 7% from 9% starting on Wednesday.

The SGE will also reduce the trading margin for silver contracts to 11% from 14% from Tuesday settlement, and lower the trading limit to 10% from 13% with effect from the next trading day.

(Commodities Control Bureau)


       
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