<h1>Record domestic gold and silver highs raise regulatory, taxation, disclosure and hedging concerns amid volatile bullion markets</h1> Gold and silver prices reached record highs domestically, with gold rising by Rs 5,080 to Rs 112,750 per 10 grams and silver up Rs 2,800 to Rs 128,800 per kilogram, following strong global bullion levels and a US labor surprise that increased expectations of monetary easing. The dollar weakened, supporting bullion gains. Legally relevant issues include heightened market volatility, potential impacts on import bills and trade balances, implications for commodity market regulation and surveillance, and possible scrutiny of hedging, disclosure and taxation practices affecting dealers and investors.