The Shanghai Gold Exchange stated that it will temporarily incraese margins and trading limits for gold and silver forward contracts ahead of the New Year's Day holiday.
Margins for gold forward contract will be increased to 13 percent from 12 percent and the daily trading limit will be increased to 10 percent from 9 percent from Thursday's settlement.
Margins for silver forward contract will be increased to 17 percent from 15 percent and raise the daily trading limit to 14 percent from 12 percent.
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