(Yicai) April 12 -- The Shanghai Gold Exchange has widened the margin rate and price limits for certain deferred contracts amid surging prices of the precious metal.

The margin rate for Au (T+D), mAu (T+D), Au (T+N1), Au (T+N2), NYAuTN06, and NYAuTN12 will increase to 9 percent from 8 percent starting from after-hours clearing on April 15, the SGE said in a notice posted in its website today. Price limits will rise to 8 percent from 7 percent from the following trading day.

The margin for the CAu99.99 contract will climb to CNY51,000 from CNY45,000 (USD7,050 from USD6,220 ) per lot, the SGE noted.

“All members shall raise risk prevention awareness, make detailed risk contingency plans, remind investors to be prudent in risk prevention, reasonably control positions, be rational during trading, and ensure the stable and healthy operation of the market,” the bourse pointed out.

International gold prices have soared since last month. The UK Spot Gold price reached a record high of USD2,380 per ounce early today, with most active gold futures contracts on commodities exchange also at an all-time high of USD2,400.

Editor: Martin Kadiev