TFEX widens daily price limits for gold and silver futures amid volatility
TFEX has adjusted daily price limits for gold and silver futures, citing extreme volatility in global bullion markets. Silver Online Futures hit -20% on Feb 2.
Thailand Futures Exchange (TFEX) said it has adjusted daily price limits for gold and silver futures amid extreme volatility in global bullion markets that could leave existing limits insufficient and prevent trading from reflecting real market conditions.
TFEX said global gold and silver prices — the reference commodities for Gold Futures (10/50 Baht), Gold Online Futures and Silver Online Futures — have been swinging sharply, increasing the likelihood that the current Daily Price Limit may not be enough for orderly trading.
Under its measures, if trading prices move to the ±20% Daily Price Limit, TFEX may temporarily expand the limit intraday to ±30%, and then to ±100% if prices subsequently reach the widened threshold, to ensure trading better tracks global price moves.
TFEX said Silver Online Futures hit the -20% threshold on 2 February 2026, prompting the exchange to expand the Daily Price Limit to ±30%, effective from 14:00 onwards. If prices then move to ±30%, the limit will be expanded further to ±100%, TFEX said.
The exchange said the Daily Price Limit will revert to normal after the daily settlement price is announced again before the start of the Night Session.
TFEX said it will monitor the situation closely and is ready to apply appropriate measures in line with international standards for products referencing highly volatile underlying assets, urging investors to trade with caution and follow updates closely.
