SMM: CME said on Tuesday that it raised the initial margin of the COMEX gold futures contract by 6.9% to US $10230 per hand and currently stands at US $9570 per hand.
CME also raised the maintenance margin for COMEX silver futures contracts by 15.2% to $13250 per hand, which currently stands at $11500. The initial margin is 110% of the margin level maintained.
The gold and silver futures margin increase will take effect from the close of trading on August 12.
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